Dependence on interest-bearing debt and rising interest rates
First written in FY2019. 4 of 7 entries say "Worsened", first in FY2021. Latest entry: FY2026.
SAAF Holdings moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Accordingly, interest-bearing debt accounted for 57.9% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, results will be affected.」
The ratio of interest-bearing debt to total assets rose from the previous 56.7% to 57.9%, and the company continues to disclose the risks of rising interest rates and being unable to draw on borrowings. - 2026-05-11WorsenedEarnings presentation
「Net debt-to-equity ratio 2.48x 2.67x」
The net debt-to-equity ratio increased from 2.48x to 2.67x. The equity ratio also declined from 15.6% to 14.2%. - FY2024MitigatedAnnual report
「Accordingly, interest-bearing debt accounted for 56.7% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, results will be affected.」
The ratio of interest-bearing debt to total assets declined from the previous 61.5% to 56.7%. However, the risk that rising interest rates or an inability to draw on borrowings could affect business activities remains. - FY2022WorsenedAnnual report
「Accordingly, interest-bearing debt accounted for 61.5% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, results will be affected. In addition, if the company becomes unable to draw on borrowings for any reason, its business activities could be affected.」
The ratio of interest-bearing debt to total assets rose from the previous 53.7% to 61.5%, and the company continues to identify the risks associated with rising interest rates and being unable to draw on borrowings. - FY2021WorsenedAnnual report
「Accordingly, interest-bearing debt accounted for 53.7% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, results will be affected. In addition, if the company becomes unable to draw on borrowings for any reason, its business activities could be affected.」
The ratio of interest-bearing debt to total assets rose from the previous 50.2% to 53.7%, and the company also disclosed the potential impact on business activities of being unable to draw on borrowings, in addition to the risk of rising interest rates. - FY2020MitigatedAnnual report
「Accordingly, interest-bearing debt accounted for 50.2% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, results will be affected.」
The ratio of interest-bearing debt to total assets declined from the previous 51.7% to 50.2%, while the company continues to disclose the risks of being unable to draw on borrowings and rising interest rates. - FY2019First statedAnnual report
「Accordingly, interest-bearing debt accounted for 51.7% of total assets at the end of the consolidated fiscal year. If market interest rates rise because of economic, financial or other conditions, the group's results will be affected.」
The company relies on borrowings from financial institutions to acquire equipment and fund working capital, with interest-bearing debt at 51.7% of total assets, and identified the risks of rising interest rates and inability to obtain borrowings.