Akebono Brake Industry Co (TSE:7238) Debt-to-Equity : 0.95 (As of Mar. 2024)

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What is Akebono Brake Industry Co Debt-to-Equity?

Akebono Brake Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円49,265 Mil. Akebono Brake Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円230 Mil. Akebono Brake Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円52,395 Mil. Akebono Brake Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.94.

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 Akebono Brake Industry Co's Debt-to-Equity or its related term are showing as below:

TSE:7238' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 1.69 Max: 38.27
Current: 0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Akebono Brake Industry Co was 38.27. The lowest was 0.95. And the median was 1.69.

TSE:7238's Debt-to-Equity is ranked worse than
72.93% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:7238: 0.95

Akebono Brake Industry Co Debt-to-Equity Historical Data

The historical data trend for Akebono Brake Industry Co'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.

Akebono Brake Industry Co Debt-to-Equity Chart

Akebono Brake Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.12

1.32

1.18

1.15

0.95

Akebono Brake Industry Co 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															1.15	1.07	1.04	1.06	0.95

Competitive Comparison of Akebono Brake Industry Co's Debt-to-Equity

For the Auto Parts subindustry, Akebono Brake Industry Co'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.

Akebono Brake Industry Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Akebono Brake Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Akebono Brake Industry Co's Debt-to-Equity falls into.

Akebono Brake Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akebono Brake Industry Co's Debt to Equity Ratio for the fiscal year 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
	=	(49265	+	230)	/	52395
	=	0.94

Akebono Brake Industry Co'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
	=	(49265	+	230)	/	52395
	=	0.94

Akebono Brake Industry Co (TSE:7238) 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.

Akebono Brake Industry Co Debt-to-Equity Related Terms

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Akebono Brake Industry Co (TSE:7238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Akebono Brake Industry Co Ltd (TSE:7238) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AKBIF:USA

Address

19-5 Nihonbashi Koami-cho, Chuo-ku, Tokyo, JPN, 103-8534

Website

http://www.akebono-brake.com

Akebono Brake Industry Co Ltd engages in the manufacture and sale of brakes and its components. Its brakes are widely used in various applications, such as passenger and commercial vehicles, motorcycles, rail vehicles and industrial machinery. The firm's product portfolio consists of automobile brakes, motorcycle brakes, rolling stock brakes, industrial machinery brakes, sensors, and concept brake systems.

Akebono Brake Industry Co (TSE:7238) Headlines

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