AEON Financial Service Co (TSE:8570) Debt-to-Equity : 3.01 (As of Nov. 2023)

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What is AEON Financial Service Co Debt-to-Equity?

AEON Financial Service Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円0 Mil. AEON Financial Service Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円1,336,987 Mil. AEON Financial Service Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円444,046 Mil. AEON Financial Service Co's debt to equity for the quarter that ended in Nov. 2023 was 3.01.

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 AEON Financial Service Co's Debt-to-Equity or its related term are showing as below:

TSE:8570' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.07 Med: 2.6 Max: 3.01
Current: 2.8

During the past 13 years, the highest Debt-to-Equity Ratio of AEON Financial Service Co was 3.01. The lowest was 2.07. And the median was 2.60.

TSE:8570's Debt-to-Equity is ranked worse than
72.75% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs TSE:8570: 2.80

AEON Financial Service Co Debt-to-Equity Historical Data

The historical data trend for AEON Financial Service 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.

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AEON Financial Service Co Debt-to-Equity Chart

AEON Financial Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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2.15

2.59

2.51

2.49

2.72

AEON Financial Service Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															2.72	2.81	2.85	3.01	2.80

Competitive Comparison of AEON Financial Service Co's Debt-to-Equity

For the Credit Services subindustry, AEON Financial Service 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.

AEON Financial Service Co's Debt-to-Equity Distribution in the Credit Services Industry

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

* The bar in red indicates where AEON Financial Service Co's Debt-to-Equity falls into.

AEON Financial Service Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AEON Financial Service Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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	+	1182093)	/	434813
	=	2.72

AEON Financial Service Co's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	1336987)	/	444046
	=	3.01

AEON Financial Service Co (TSE:8570) 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.

AEON Financial Service Co Debt-to-Equity Related Terms

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AEON Financial Service Co (TSE:8570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Financial Service Co Ltd (TSE:8570) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

AEOJF:USA

Address

Kandanishiki-cho, Chiyoda-ku, Terrace Square, 3-22, Tokyo, JPN

Website

http://www.aeonfinancial.co.jp

AEON Financial Service Co Ltd is a comprehensive financial group consisting of a bank holding company and its subsidiaries, which grew out of Aeon Group's retail operations. It currently operates a network of hundreds of sale bases throughout Asia, particularly in Japan, China, Thailand, and Malaysia. The bank provides various financial services, payment services, housing loans, deposits, installment sales, and overseas services to customers through points of sale closely linked to community lifestyles. These include shopping centers and retail malls, convenience stores, and specialty stores, among others. Net fee and commission income is the company's largest source of net revenue.

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