Radius Recycling (FRA:SS1A) Debt-to-Asset : 0.28 (As of Feb. 2024)

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What is Radius Recycling Debt-to-Asset?

Radius Recycling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €24 Mil. Radius Recycling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €432 Mil. Radius Recycling's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was €1,618 Mil. Radius Recycling's debt to asset for the quarter that ended in Feb. 2024 was 0.28.

Radius Recycling Debt-to-Asset Historical Data

The historical data trend for Radius Recycling's Debt-to-Asset 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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Radius Recycling Debt-to-Asset Chart

Radius Recycling Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Asset

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0.09

0.20

0.14

0.20

0.21

Radius Recycling Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.24	0.25	0.21	0.24	0.28

Competitive Comparison of Radius Recycling's Debt-to-Asset

For the Steel subindustry, Radius Recycling's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Radius Recycling's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Radius Recycling's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Radius Recycling's Debt-to-Asset falls into.

Radius Recycling Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Radius Recycling's Debt-to-Asset for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.519	+	311.473)	/	1573.525
	=	0.21

Radius Recycling's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.537	+	432.054)	/	1618.105
	=	0.28

Radius Recycling (FRA:SS1A) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Radius Recycling Debt-to-Asset Related Terms

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Radius Recycling (FRA:SS1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RDUS:USA

Address

299 SW Clay Street, Suite 350, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.

Radius Recycling (FRA:SS1A) Headlines

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