Asahi Broadcasting Group Holdings (TSE:9405) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Asahi Broadcasting Group Holdings Debt-to-Equity?

Asahi Broadcasting Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,736 Mil. Asahi Broadcasting Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円7,916 Mil. Asahi Broadcasting Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円69,106 Mil. Asahi Broadcasting Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 Asahi Broadcasting Group Holdings's Debt-to-Equity or its related term are showing as below:

TSE:9405' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.22
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Asahi Broadcasting Group Holdings was 0.22. The lowest was 0.00. And the median was 0.08.

TSE:9405's Debt-to-Equity is ranked better than
57.55% of 848 companies
in the Media - Diversified industry
Industry Median: 0.28 vs TSE:9405: 0.20

Asahi Broadcasting Group Holdings Debt-to-Equity Historical Data

The historical data trend for Asahi Broadcasting Group Holdings'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.

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Asahi Broadcasting Group Holdings Debt-to-Equity Chart

Asahi Broadcasting Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.10

0.18

0.19

0.18

Asahi Broadcasting Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.18	0.19	0.20	0.20

Competitive Comparison of Asahi Broadcasting Group Holdings's Debt-to-Equity

For the Broadcasting subindustry, Asahi Broadcasting Group Holdings'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.

Asahi Broadcasting Group Holdings's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Asahi Broadcasting Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asahi Broadcasting Group Holdings's Debt-to-Equity falls into.

Asahi Broadcasting Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asahi Broadcasting Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(571	+	11614)	/	69266
	=	0.18

Asahi Broadcasting Group Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5736	+	7916)	/	69106
	=	0.20

Asahi Broadcasting Group Holdings (TSE:9405) 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.

Asahi Broadcasting Group Holdings Debt-to-Equity Related Terms

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Asahi Broadcasting Group Holdings (TSE:9405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Asahi Broadcasting Group Holdings Corp (TSE:9405) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-30 Fukushima, Fukushima-ku, Osaka, JPN, 553-8503

Website

https://corp.asahi.co.jp

Asahi Broadcasting Group Holdings Corp, formerly Asahi Broadcasting Corp is a Japanese based television and radio broadcasting company. It operates in four business divisions namely the television programming, radio and events, news and sports, and content sales. It also hosts art exhibitions and concerts. In sports division, it covers professional baseball games, professional golf tournaments, soccer matches and various other sporting events.

Asahi Broadcasting Group Holdings (TSE:9405) Headlines

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