Krones AG (LTS:0LQ4) Debt-to-Equity

: 0.08 (As of Dec. 2023)

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Krones AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €37 Mil. Krones AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €103 Mil. Krones AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,715 Mil. Krones AG's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

LTS:0LQ4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.12
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Krones AG was 0.12. The lowest was 0.00. And the median was 0.07.

LTS:0LQ4's Debt-to-Equity is ranked better than
78.07% of 2618 companies
in the Industrial Products industry
Industry Median: 0.29 vs LTS:0LQ4: 0.08

Krones AG Debt-to-Equity Historical Data

The historical data trend for Krones 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.

Krones AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.11

0.07

0.08

Krones 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																0.07	0.09	0.11	0.11	0.08

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Krones 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.

Krones AG Debt-to-Equity Distribution

For the Industrial Products industry and Industrials sector, Krones AG's Debt-to-Equity distribution charts can be found below:

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

Krones AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Krones 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
	=	(37.036	+	102.704)	/	1715.385
	=	0.08

Krones 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
	=	(37.036	+	102.704)	/	1715.385
	=	0.08

Krones AG (LTS:0LQ4) 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.

Krones AG Debt-to-Equity Related Terms

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Krones AG (LTS:0LQ4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krones AG (LTS:0LQ4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KRNTY:USA KRNd:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (LTS:0LQ4) Headlines

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