Aso International (TSE:9340) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Aso International Debt-to-Equity?

Aso International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil. Aso International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil. Aso International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,589 Mil. Aso International's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Aso International's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Aso International was 0.23. The lowest was 0.19. And the median was 0.19.

TSE:9340's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.215
* Ranked among companies with meaningful Debt-to-Equity only.

Aso International Debt-to-Equity Historical Data

The historical data trend for Aso International's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aso International Debt-to-Equity Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.23

0.19

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Aso International's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Aso International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aso International's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aso International's Debt-to-Equity falls into.

Aso International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aso International's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	2465.577
	=	0.00

Aso International's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	2588.629
	=	0.00

Aso International (TSE:9340) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Aso International Debt-to-Equity Related Terms

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Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

Aso International (TSE:9340) Headlines

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