Aiful (TSE:8515) Debt-to-Equity : 3.37 (As of Dec. 2023)

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What is Aiful Debt-to-Equity?

Aiful's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円374,032 Mil. Aiful's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円267,073 Mil. Aiful's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円190,393 Mil. Aiful's debt to equity for the quarter that ended in Dec. 2023 was 3.37.

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 Aiful's Debt-to-Equity or its related term are showing as below:

TSE:8515' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.49 Med: 3.13 Max: 3.78
Current: 3.37

During the past 13 years, the highest Debt-to-Equity Ratio of Aiful was 3.78. The lowest was 1.49. And the median was 3.13.

TSE:8515's Debt-to-Equity is ranked worse than
78.29% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs TSE:8515: 3.37

Aiful Debt-to-Equity Historical Data

The historical data trend for Aiful'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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Aiful Debt-to-Equity Chart

Aiful Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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3.37

3.78

3.14

3.12

3.19

Aiful 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															3.21	3.19	3.37	3.36	3.37

Competitive Comparison of Aiful's Debt-to-Equity

For the Credit Services subindustry, Aiful'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.

Aiful's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Aiful's Debt-to-Equity distribution charts can be found below:

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

Aiful Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aiful'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
	=	(267148	+	294087)	/	176072
	=	3.19

Aiful'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
	=	(374032	+	267073)	/	190393
	=	3.37

Aiful (TSE:8515) 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.

Aiful Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Aiful's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Aiful (TSE:8515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Aiful Corp (TSE:8515) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAU:Germany

Address

381-1, Takasago-cho Gojo-Agaru, Karasuma-Dori, Shimogyo-ku, Kyoto, JPN, 600-8420

Website

http://www.aiful.co.jp

Aiful Corp provides consumer financing and consumer credit services exclusively in Japan. The company operates and reports results through four segments: its loan business, its credit card business, and its credit guarantee business, as well as its other segment. The company generates nearly all of its revenue through interest and its largest contributor to revenue is its loan business. The vast majority of the company's loans on its books are unsecured. Other loans include mortgages and small-business loans. The company handles its credit guarantee services in tie-ups with commercial banks.

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