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The Timken Co (The Timken Co) Debt-to-Equity : 0.97 (As of Dec. 2023)


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What is The Timken Co Debt-to-Equity?

The Timken Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $632 Mil. The Timken Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,869 Mil. The Timken Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,582 Mil. The Timken Co's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

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 The Timken Co's Debt-to-Equity or its related term are showing as below:

TKR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34   Med: 0.73   Max: 1.07
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of The Timken Co was 1.07. The lowest was 0.34. And the median was 0.73.

TKR's Debt-to-Equity is ranked worse than
86.45% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs TKR: 0.97

The Timken Co Debt-to-Equity Historical Data

The historical data trend for The Timken Co'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.

The Timken Co Debt-to-Equity Chart

The Timken Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.77 0.68 0.91 0.97

The Timken Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.90 0.87 0.93 0.97

Competitive Comparison of The Timken Co's Debt-to-Equity

For the Tools & Accessories subindustry, The Timken Co'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.


The Timken Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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



The Timken Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Timken Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

The Timken Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


The Timken Co  (NYSE:TKR) 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.


The Timken Co Debt-to-Equity Related Terms

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


The Timken Co (The Timken Co) Business Description

Traded in Other Exchanges
Address
4500 Mount Pleasant Street North West, North Canton, OH, USA, 44720-5450
The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates its revenue in the United States of America.
Executives
Philip D. Fracassa officer: CFO 1835 DUEBER AVENUE SW, CANTON OH 44706-0928
Christopher A Coughlin officer: President-proc ind & supp chn 1835 DUEBER AVE SW, CANTON OH 44706
Timken John M Jr director 200 MARKET AVE N STE 210, CANTON OH 44702
Hansal N. Patel officer: VP, GC, and Secretary 4500 MOUNT PLEASANT ST. NW, NORTH CANTON OH 44720
Richard G Kyle officer: President-mob ind & aerospace 1835 DUEBER AVE SW, CANTON OH 44706
Jacqueline F Woods director
Natasha Pollock officer: VP - Human Resources 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Landin Bo Hans Olof officer: Group Vice President 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Timken Ward J Jr director, officer: Chairman of the Board 200 MARKET AVE N STE 210, CANTON OH 44702
Ronald J Myers officer: VP - Human Resources 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Sarah C Lauber director 833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202
Shelly Marie Chadwick officer: Chief Accounting Officer 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Karl Andreas Roellgen officer: VP - Europe, Asia and Africa 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Frank C Sullivan director
Elizabeth Ann Harrell director 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720