Ituran Location and Control (Ituran Location and Control) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Ituran Location and Control Debt-to-Equity?

Ituran Location and Control's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.7 Mil. Ituran Location and Control's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.0 Mil. Ituran Location and Control's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $174.5 Mil. Ituran Location and Control's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Ituran Location and Control's Debt-to-Equity or its related term are showing as below:

ITRN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.27 Max: 0.62
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Ituran Location and Control was 0.62. The lowest was 0.00. And the median was 0.27.

ITRN's Debt-to-Equity is ranked better than
83.93% of 2196 companies
in the Hardware industry
Industry Median: 0.28 vs ITRN: 0.05

Ituran Location and Control Debt-to-Equity Historical Data

The historical data trend for Ituran Location and Control'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.

Ituran Location and Control Debt-to-Equity Chart

Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.47

0.27

0.15

0.05

Ituran Location and Control 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															0.15	0.10	0.06	0.04	0.05

Competitive Comparison of Ituran Location and Control's Debt-to-Equity

For the Communication Equipment subindustry, Ituran Location and Control'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.

Ituran Location and Control's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ituran Location and Control's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ituran Location and Control's Debt-to-Equity falls into.

Ituran Location and Control Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ituran Location and Control'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
	=	(3.653	+	5.011)	/	174.454
	=	0.05

Ituran Location and Control'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
	=	(3.653	+	5.011)	/	174.454
	=	0.05

Ituran Location and Control (NAS:ITRN) 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.

Ituran Location and Control Debt-to-Equity Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.