Axalta Coating Systems (LTS:0U6C) Debt-to-Equity : 2.05 (As of Dec. 2023)

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What is Axalta Coating Systems Debt-to-Equity?

Axalta Coating Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57 Mil. Axalta Coating Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,479 Mil. Axalta Coating Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,727 Mil. Axalta Coating Systems's debt to equity for the quarter that ended in Dec. 2023 was 2.05.

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 Axalta Coating Systems's Debt-to-Equity or its related term are showing as below:

LTS:0U6C' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.05 Med: 2.88 Max: 3.46
Current: 2.05

During the past 13 years, the highest Debt-to-Equity Ratio of Axalta Coating Systems was 3.46. The lowest was 2.05. And the median was 2.88.

LTS:0U6C's Debt-to-Equity is ranked worse than
96.21% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs LTS:0U6C: 2.05

Axalta Coating Systems Debt-to-Equity Historical Data

The historical data trend for Axalta Coating Systems'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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Axalta Coating Systems Debt-to-Equity Chart

Axalta Coating Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.85

2.74

2.58

2.57

2.05

Axalta Coating Systems 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															2.57	2.32	2.17	2.21	2.05

Competitive Comparison of Axalta Coating Systems's Debt-to-Equity

For the Specialty Chemicals subindustry, Axalta Coating Systems'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.

Axalta Coating Systems's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Axalta Coating Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Axalta Coating Systems's Debt-to-Equity falls into.

Axalta Coating Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axalta Coating Systems'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
	=	(56.9	+	3478.5)	/	1727.3
	=	2.05

Axalta Coating Systems'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
	=	(56.9	+	3478.5)	/	1727.3
	=	2.05

Axalta Coating Systems (LTS:0U6C) 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.

Axalta Coating Systems Debt-to-Equity Related Terms

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Axalta Coating Systems (LTS:0U6C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axalta Coating Systems Ltd (LTS:0U6C) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXTA:USA 9AX:Germany

Address

50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, USA, 19342

Website

https://www.axalta.com

Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

Axalta Coating Systems (LTS:0U6C) Headlines

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