Assa Abloy AB (Assa Abloy AB) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is Assa Abloy AB Debt-to-Equity?

Assa Abloy AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,250 Mil. Assa Abloy AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5,420 Mil. Assa Abloy AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $9,602 Mil. Assa Abloy AB's debt to equity for the quarter that ended in Mar. 2024 was 0.69.

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 Assa Abloy AB's Debt-to-Equity or its related term are showing as below:

ASAZY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.52 Max: 0.81
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Assa Abloy AB was 0.81. The lowest was 0.35. And the median was 0.52.

ASAZY's Debt-to-Equity is ranked worse than
64.33% of 928 companies
in the Business Services industry
Industry Median: 0.385 vs ASAZY: 0.70

Assa Abloy AB Debt-to-Equity Historical Data

The historical data trend for Assa Abloy AB'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.

Assa Abloy AB Debt-to-Equity Chart

Assa Abloy AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.50

0.41

0.39

0.71

Assa Abloy AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.81	0.72	0.71	0.70

Competitive Comparison of Assa Abloy AB's Debt-to-Equity

For the Security & Protection Services subindustry, Assa Abloy AB'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.

Assa Abloy AB's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Assa Abloy AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Assa Abloy AB's Debt-to-Equity falls into.

Assa Abloy AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Assa Abloy AB's Debt to Equity Ratio for the fiscal year 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
	=	(1099.282	+	5256.395)	/	8932.791
	=	0.71

Assa Abloy AB'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
	=	(1249.796	+	5420.361)	/	9601.971
	=	0.69

Assa Abloy AB (OTCPK:ASAZY) 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.

Assa Abloy AB Debt-to-Equity Related Terms

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Assa Abloy AB (Assa Abloy AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Assa Abloy AB (OTCPK:ASAZY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASAZF:USA ASSA B:Sweden ASSABs:UK 0R87:UK ALZC:Germany

Address

Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23

Website

https://www.assaabloy.com

Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Three quarters of its revenue comes from government, commercial, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.