CTOS (Custom Truck One Source) Debt-to-Equity : 3.05 (As of Mar. 2025)

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What is Custom Truck One Source Debt-to-Equity?

Custom Truck One Source's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $799 Mil. Custom Truck One Source's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1,682 Mil. Custom Truck One Source's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $813 Mil. Custom Truck One Source's debt to equity for the quarter that ended in Mar. 2025 was 3.05.

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 Custom Truck One Source's Debt-to-Equity or its related term are showing as below:

CTOS' s Debt-to-Equity Range Over the Past 10 Years
Min: -61.2 Med: 1.94 Max: 12.75
Current: 3.05

During the past 8 years, the highest Debt-to-Equity Ratio of Custom Truck One Source was 12.75. The lowest was -61.20. And the median was 1.94.

CTOS's Debt-to-Equity is ranked worse than
93.04% of 919 companies
in the Business Services industry
Industry Median: 0.35 vs CTOS: 3.05

Custom Truck One Source Debt-to-Equity Historical Data

The historical data trend for Custom Truck One Source'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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Custom Truck One Source Debt-to-Equity Chart

Custom Truck One Source Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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-23.42

1.86

2.06

2.40

2.82

Custom Truck One Source Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															2.58	2.85	3.04	2.82	3.05

Competitive Comparison of Custom Truck One Source's Debt-to-Equity

For the Rental & Leasing Services subindustry, Custom Truck One Source'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.

Custom Truck One Source's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Custom Truck One Source's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Custom Truck One Source's Debt-to-Equity falls into.

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Custom Truck One Source Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Custom Truck One Source's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(816.615	+	1608.556)	/	861.309
	=	2.82

Custom Truck One Source's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(798.916	+	1681.957)	/	813.419
	=	3.05

Custom Truck One Source (NYSE:CTOS) 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.

Custom Truck One Source Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Custom Truck One Source's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Custom Truck One Source Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Custom Truck One Source Inc (NYSE:CTOS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7701 Independence Avenue, Kansas, MO, USA, 64125

Website

https://www.customtruck.com

Custom Truck One Source Inc is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure end-markets in North America. The company's segment includes Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). It generates maximum revenue from the TES segment. Geographically, it derives a majority revenue from the United States.

Executives

Platinum Equity Llc	10 percent owner	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Pe One Source Holdings, Llc	10 percent owner	360 N. CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 09210
Nesco Holdings, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Ecp Controlco, Llc	10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
Energy Capital Partners Management, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Joe P. Ross	officer: President - Sales	C/O NESCO HOLDINGS, INC., 6714 POINTE INVERNESS WAY, SUITE 220, FORT WAYNE IN 46804
Thomas R. Rich	officer: EVP - Rentals	C/O NESCO HOLDINGS, INC., 6714 POINTE INVERNESS WAY, SUITE 220, FORT WAYNE IN 46804
Marshall Heinberg	director	1 CORPORATE AVENUE, ROWVILLE C3 3178
Georgia R Nelson	director	C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626
Ryan Mcmonagle	officer: President, COO	C/O NESCO HOLDINGS, INC., 6714 POINTE INVERNESS WAY, SUITE 220, FORT WAYNE IN 46804
Raymond Todd Barrett	officer: Chief Accounting Officer	6714 POINT INVERNESS WAY, STE 220, FORT WAYNE IN 46804
Christopher J Eperjesy	officer: Chief Financial Officer	505 HIGHWAY 169 NORTH, PLYMOUTH MN 55441
Mark Ein	director, 10 percent owner, officer: Chairman and CEO
Paul M Jolas	officer: EVP, General Counsel & Sec	331 N. MAIN ST., EULESS TX 76039
Mary M. Jackson	director	7799 LEESBURG PIKE, SUITE 300 NORTH, FALLS CHURCH VA 22043