Continental AG (Continental AG) Debt-to-Equity : 0.52 (As of Dec. 2023)

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What is Continental AG Debt-to-Equity?

Continental AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,218 Mil. Continental AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,592 Mil. Continental AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14,914 Mil. Continental AG's debt to equity for the quarter that ended in Dec. 2023 was 0.52.

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 Continental AG's Debt-to-Equity or its related term are showing as below:

CTTAY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.5 Max: 0.6
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Continental AG was 0.60. The lowest was 0.26. And the median was 0.50.

CTTAY's Debt-to-Equity is ranked worse than
52.47% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs CTTAY: 0.52

Continental AG Debt-to-Equity Historical Data

The historical data trend for Continental AG'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.

Continental AG Debt-to-Equity Chart

Continental AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.60

0.51

0.58

0.52

Continental AG 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															0.58	0.59	0.64	0.58	0.52

Competitive Comparison of Continental AG's Debt-to-Equity

For the Auto Parts subindustry, Continental AG'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.

Continental AG's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Continental AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Continental AG's Debt-to-Equity falls into.

Continental AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Continental AG'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
	=	(3217.666	+	4592.366)	/	14913.74
	=	0.52

Continental AG'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
	=	(3217.666	+	4592.366)	/	14913.74
	=	0.52

Continental AG (OTCPK:CTTAY) 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.

Continental AG Debt-to-Equity Related Terms

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Continental AG (Continental AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Continental AG (OTCPK:CTTAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTTAF:USA CTT:Romania CON:Italy CONd:UK 0LQ1:UK CON:Germany

Address

Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165

Website

https://www.continental.com

Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.