Increase in Liabilities and Decline in Equity Ratio
First written in FY2017-Q3. 17 of 28 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-10-13.
Avantia moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 9 of 34 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Total liabilities at the end of the interim consolidated period were ¥41,538 million, down ¥1,520 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥1,520 million from the end of the previous consolidated fiscal year, while the equity ratio increased from 39.4% to 40.4%. - FY2025-H1WorsenedAnnual report
「Total liabilities at the end of the interim consolidated period were ¥42,470 million, up ¥2,845 million from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥2,845 million from the end of the previous consolidated fiscal year, while the equity ratio declined from 41.2% to 39.1%. - FY2024-Q3WorsenedAnnual report
「Equity ratio (%) 42.1 38.9 39.0」
The equity ratio declined slightly from 39.0% at the end of the previous consolidated fiscal year to 38.9%. Although total liabilities declined, the equity ratio continued to fall. - FY2024-Q2MitigatedAnnual report
「Equity ratio (%) 42.8 39.1 39.0」
The equity ratio increased slightly from 39.0% at the end of the previous consolidated fiscal year to 39.1%, while total liabilities decreased by ¥537 million from the end of the previous consolidated fiscal year. - FY2024-Q1WorsenedAnnual report
「Equity ratio (%) 44.1 38.4 39.0」
The equity ratio at the end of the first quarter was 38.4%, down from 39.0% at the end of the previous consolidated fiscal year. - FY2023WorsenedAnnual report
「Equity ratio (%) 59.2 55.4 47.9 44.3 39.0」
The equity ratio declined from 44.3% in the previous fiscal year to 39.0%, while financial leverage increased as liabilities and assets grew. - FY2023-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter were ¥36,136 million, up ¥2,340 million from the end of the previous consolidated fiscal year.」
Total liabilities increased, while the equity ratio declined from 44.3% at the end of the previous consolidated fiscal year to 42.8%. - FY2023-Q1WorsenedAnnual report
「Equity ratio (%) 44.0 44.1 44.3」
The equity ratio at the end of the first quarter was 44.1%, a slight decline from 44.3% at the end of the previous consolidated fiscal year. - FY2022-Q3WorsenedAnnual report
「Equity ratio (%) 46.1 41.6 47.9」
The equity ratio declined from 47.9% at the end of the previous consolidated fiscal year to 41.6%. Total liabilities also increased from ¥27,881,769 thousand at the end of the previous consolidated fiscal year to ¥35,828,545 thousand. - FY2022-Q1WorsenedAnnual report
「Equity ratio (%) 57.2 44.0 47.9」
The equity ratio at the end of the first quarter was 44.0%, down from 47.9% at the end of the previous consolidated fiscal year. Total liabilities also increased to ¥31,995 million. - FY2021-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter were ¥28,565 million, up ¥8,635 million from the end of the previous consolidated fiscal year.」
Total liabilities increased, while the equity ratio declined from 55.4% at the end of the previous consolidated fiscal year to 46.1%. - FY2021-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter were ¥18,290 million, down ¥1,639 million from the end of the previous consolidated fiscal year.」
Total liabilities declined and the equity ratio increased from 55.4% at the end of the previous consolidated fiscal year to 57.5% at the end of the second quarter. - FY2021-Q1MitigatedAnnual report
「Equity ratio (%) 54.8 57.2 55.4」
The equity ratio increased from 55.4% at the end of the previous consolidated fiscal year to 57.2%, while total liabilities decreased by ¥1,692 million from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「As a result, the equity ratio was 55.4% (down 3.8 percentage points year on year)」
The equity ratio declined from 59.2% at the end of the previous fiscal year to 55.4%, while total liabilities also increased. - FY2020-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter were ¥23,007 million, up ¥5,954 million from the end of the previous consolidated fiscal year.」
Total liabilities increased from ¥17,052 million to ¥23,007 million, while the equity ratio declined from 59.2% at the end of the previous consolidated fiscal year to 51.2%. - FY2020-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter were ¥19,989 million, up ¥2,937 million from the end of the previous consolidated fiscal year.」
Total liabilities increased and the equity ratio declined from 59.2% at the end of the previous consolidated fiscal year to 55.1%. - FY2020-Q1WorsenedAnnual report
「Equity ratio (%) 61.7 54.8 59.2」
The equity ratio declined from 59.2% at the end of the previous consolidated fiscal year to 54.8%, while total liabilities increased from ¥17,052 million to ¥20,023 million. - FY2019WorsenedAnnual report
「As a result, the equity ratio was 59.2% (down 1.6 percentage points year on year)」
The equity ratio declined from 60.8% at the end of the previous fiscal year to 59.2%, while total liabilities also increased. - FY2019-Q3MitigatedAnnual report
「Equity ratio (%) 61.1 61.7 60.8」
The equity ratio increased from 60.8% at the end of the previous consolidated fiscal year to 61.7%, while total liabilities decreased by ¥743 million from the end of the previous consolidated fiscal year. - FY2019-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter were ¥13,373 million, down ¥2,113 million from the end of the previous consolidated fiscal year.」
Total liabilities declined and the equity ratio increased from 60.8% at the end of the previous fiscal year to 64.3%. - FY2019-Q1MitigatedAnnual report
「Total liabilities at the end of the first quarter were ¥14,640 million, down ¥846 million from the end of the previous consolidated fiscal year.」
Total liabilities declined and the equity ratio increased from 60.8% at the end of the previous fiscal year to 61.7%, indicating a slight improvement in the increase in liabilities and decline in the equity ratio recorded at the end of the previous fiscal year. - FY2018WorsenedAnnual report
「Equity ratio: 60.8% (down 2.7 percentage points year on year)」
The equity ratio declined from 63.5% at the end of the previous consolidated fiscal year to 60.8%, while total liabilities increased from ¥13,709 million to ¥15,503 million. - FY2018-Q3WorsenedAnnual report
「Equity ratio (%) 62.2 61.1 63.5」
The equity ratio at the end of the third quarter was 61.1%, down from 63.5% at the end of the previous consolidated fiscal year. Total liabilities increased from ¥13,709,451 thousand to ¥15,252,931 thousand. - FY2018-Q2Increase in liabilities and decline in equity ratioAnnual report
「Total liabilities 13,709,451 16,670,763 Equity ratio (%) 61.8 59.0 63.5」
Total liabilities increased from ¥13,709,451 thousand at the end of the previous consolidated fiscal year to ¥16,670,763 thousand, while the equity ratio declined from 63.5% to 59.0%. - FY2018-Q1Lower total liabilities, slight increase in equity ratioAnnual report
「Equity ratio (%) 64.0 63.6 63.5」
The equity ratio at the end of the first quarter was 63.6%, a slight increase from 63.5% at the end of the previous consolidated fiscal year. Total liabilities decreased from ¥13,709,451 thousand at the end of the previous consolidated fiscal year to ¥13,507,025 thousand. - FY2017-Q3First statedAnnual report
「Equity ratio (%) 64.5 62.2 66.1」
The equity ratio at the end of the third quarter was 62.2%, down from 66.1% at the end of the previous consolidated fiscal year. Total liabilities increased from ¥1,184.2 million to ¥1,400.1 million, while total assets increased from ¥3,496.0 million to ¥3,699.3 million.