CT Automotive Group (LSE:CTA) Debt-to-Equity : 2.42 (As of Jun. 2023)

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What is CT Automotive Group Debt-to-Equity?

CT Automotive Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £15.0 Mil. CT Automotive Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £6.3 Mil. CT Automotive Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £8.8 Mil. CT Automotive Group's debt to equity for the quarter that ended in Jun. 2023 was 2.41.

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 CT Automotive Group's Debt-to-Equity or its related term are showing as below:

LSE:CTA' s Debt-to-Equity Range Over the Past 10 Years
Min: -20.61 Med: -1.46 Max: 11.24
Current: 2.42

During the past 5 years, the highest Debt-to-Equity Ratio of CT Automotive Group was 11.24. The lowest was -20.61. And the median was -1.46.

LSE:CTA's Debt-to-Equity is ranked worse than
93.95% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs LSE:CTA: 2.42

CT Automotive Group Debt-to-Equity Historical Data

The historical data trend for CT Automotive Group'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.

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CT Automotive Group Debt-to-Equity Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-19.33

-20.61

-4.05

1.12

11.24

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-8.81	1.12	1.12	11.24	2.42

Competitive Comparison of CT Automotive Group's Debt-to-Equity

For the Auto Parts subindustry, CT Automotive Group'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.

CT Automotive Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where CT Automotive Group's Debt-to-Equity falls into.

CT Automotive Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CT Automotive Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(16.486	+	7.307)	/	2.116
	=	11.24

CT Automotive Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(14.978	+	6.261)	/	8.795
	=	2.41

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group Debt-to-Equity Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.