Martinrea International (Martinrea International) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is Martinrea International Debt-to-Equity?

Martinrea International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46 Mil. Martinrea International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $870 Mil. Martinrea International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,092 Mil. Martinrea International's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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 Martinrea International's Debt-to-Equity or its related term are showing as below:

MRETF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.88 Max: 1.2
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Martinrea International was 1.20. The lowest was 0.64. And the median was 0.88.

MRETF's Debt-to-Equity is ranked worse than
68.57% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs MRETF: 0.84

Martinrea International Debt-to-Equity Historical Data

The historical data trend for Martinrea International'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.

Martinrea International Debt-to-Equity Chart

Martinrea International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.81

0.89

1.07

0.98

0.84

Martinrea International 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															0.98	0.97	0.94	0.89	0.84

Competitive Comparison of Martinrea International's Debt-to-Equity

For the Auto Parts subindustry, Martinrea International'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.

Martinrea International's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Martinrea International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Martinrea International'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
	=	(45.681	+	869.802)	/	1092.115
	=	0.84

Martinrea International'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
	=	(45.681	+	869.802)	/	1092.115
	=	0.84

Martinrea International (OTCPK:MRETF) 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.

Martinrea International Debt-to-Equity Related Terms

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Martinrea International (Martinrea International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Martinrea International Inc (OTCPK:MRETF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

03M:Germany MRE:Canada

Address

3210 Langstaff Road, Vaughan, ON, CAN, L4K 5B2

Website

https://www.martinrea.com

Martinrea International Inc is a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products in North America.