Vitesco Technologies Group AG (Vitesco Technologies Group AG) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Vitesco Technologies Group AG Debt-to-Equity?

Vitesco Technologies Group AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46 Mil. Vitesco Technologies Group AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $733 Mil. Vitesco Technologies Group AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,109 Mil. Vitesco Technologies Group AG's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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

VTSCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.33
Current: 0.25

During the past 6 years, the highest Debt-to-Equity Ratio of Vitesco Technologies Group AG was 0.33. The lowest was 0.09. And the median was 0.21.

VTSCY's Debt-to-Equity is ranked better than
68.14% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs VTSCY: 0.25

Vitesco Technologies Group AG Debt-to-Equity Historical Data

The historical data trend for Vitesco Technologies Group 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.

Vitesco Technologies Group AG Debt-to-Equity Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.33

0.09

0.14

0.25

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.14	0.15	0.15	0.15	0.25

Competitive Comparison of Vitesco Technologies Group AG's Debt-to-Equity

For the Auto Parts subindustry, Vitesco Technologies Group 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.

Vitesco Technologies Group AG's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Vitesco Technologies Group AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vitesco Technologies Group 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
	=	(46.347	+	733.261)	/	3109.378
	=	0.25

Vitesco Technologies Group 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
	=	(46.347	+	733.261)	/	3109.378
	=	0.25

Vitesco Technologies Group AG (OTCPK:VTSCY) 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.

Vitesco Technologies Group AG Debt-to-Equity Related Terms

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Vitesco Technologies Group AG (Vitesco Technologies Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (OTCPK:VTSCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VTSCF:USA 0AAF:UK VTSC:Germany VTSC:Austria

Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Vitesco Technologies Group AG (Vitesco Technologies Group AG) Headlines

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