ABSSF (AirBoss of America) Debt-to-Equity : 0.92 (As of Jun. 2024)

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What is AirBoss of America Debt-to-Equity?

AirBoss of America's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2.5 Mil. AirBoss of America's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $120.1 Mil. AirBoss of America's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $132.8 Mil. AirBoss of America's debt to equity for the quarter that ended in Jun. 2024 was 0.92.

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 AirBoss of America's Debt-to-Equity or its related term are showing as below:

ABSSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.59 Max: 0.98
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of AirBoss of America was 0.98. The lowest was 0.34. And the median was 0.59.

ABSSF's Debt-to-Equity is ranked worse than
80.88% of 1402 companies
in the Chemicals industry
Industry Median: 0.36 vs ABSSF: 0.92

AirBoss of America Debt-to-Equity Historical Data

The historical data trend for AirBoss of America'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.

AirBoss of America Debt-to-Equity Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.47

0.34

0.73

0.88

AirBoss of America Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.67	0.88	0.84	0.92

Competitive Comparison of AirBoss of America's Debt-to-Equity

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's Debt-to-Equity distribution charts can be found below:

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

AirBoss of America Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AirBoss of America'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
	=	(2.437	+	128.907)	/	148.857
	=	0.88

AirBoss of America's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2.522	+	120.099)	/	132.761
	=	0.92

AirBoss of America (OTCPK:ABSSF) 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.

AirBoss of America Debt-to-Equity Related Terms

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AirBoss of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » Debt-to-Equity

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BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive, and industrial markets. It operates in three segments, 1) The AirBoss Rubber Solutions includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The AirBoss Manufactured Products include the manufacture and distribution of anti-noise, vibration, and harshness dampening parts and personal protection and safety products, primarily for CBRN-E threats. 3) The Unallocated Corporate Costs Include corporate activities and certain unallocated costs. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.