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Nexteer Automotive Group (HKSE:01316) Liabilities-to-Assets : 0.41 (As of Jun. 2024)


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What is Nexteer Automotive Group Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Nexteer Automotive Group's Total Liabilities for the quarter that ended in Jun. 2024 was HK$10,655 Mil. Nexteer Automotive Group's Total Assets for the quarter that ended in Jun. 2024 was HK$26,236 Mil. Therefore, Nexteer Automotive Group's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 was 0.41.


Nexteer Automotive Group Liabilities-to-Assets Historical Data

The historical data trend for Nexteer Automotive Group's Liabilities-to-Assets 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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Nexteer Automotive Group Liabilities-to-Assets Chart

Nexteer Automotive Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.42 0.38 0.41 0.41

Nexteer Automotive Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.41 0.41 0.41 0.41

Competitive Comparison of Nexteer Automotive Group's Liabilities-to-Assets

For the Auto Parts subindustry, Nexteer Automotive Group's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Nexteer Automotive Group's Liabilities-to-Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nexteer Automotive Group's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Nexteer Automotive Group's Liabilities-to-Assets falls into.



Nexteer Automotive Group Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Nexteer Automotive Group's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=10884.924/26589.19
=0.41

Nexteer Automotive Group's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 is calculated as

Liabilities-to-Assets (Q: Jun. 2024 )=Total Liabilities/Total Assets
=10654.644/26235.586
=0.41

* 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.


Nexteer Automotive Group  (HKSE:01316) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Nexteer Automotive Group Liabilities-to-Assets Related Terms

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Nexteer Automotive Group Business Description

Traded in Other Exchanges
Address
1272 Doris Road, Auburn Hills, MI, USA, 48326
Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.
Executives
M&g Plc 2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Tou Zi Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
Nai Shi Te Qi Che Xi Tong Xiang Gang Kong Gu You Xian Gong Si 2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Hang Kong Qi Che Xi Tong Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Tai Ping Yang Shi Ji Bei Jing Qi Che Ling Bu Jian You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Qi Che Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner

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