Varta AG (XTER:VAR1) Debt-to-Equity : 0.48 (As of Sep. 2023)

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What is Varta AG Debt-to-Equity?

Varta AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €16.6 Mil. Varta AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €67.7 Mil. Varta AG's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €175.3 Mil. Varta AG's debt to equity for the quarter that ended in Sep. 2023 was 0.48.

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

XTER:VAR1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 0.49
Current: 0.48

During the past 11 years, the highest Debt-to-Equity Ratio of Varta AG was 0.49. The lowest was 0.02. And the median was 0.18.

XTER:VAR1's Debt-to-Equity is ranked worse than
65.13% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs XTER:VAR1: 0.48

Varta AG Debt-to-Equity Historical Data

The historical data trend for Varta 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.

Varta AG Debt-to-Equity Chart

Varta AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.02

0.06

0.16

0.18

0.36

Varta AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.36	0.36	0.49	0.48

Competitive Comparison of Varta AG's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Varta 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.

Varta AG's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Varta AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Varta AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(17.397	+	69.7)	/	239.465
	=	0.36

Varta AG's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(16.616	+	67.676)	/	175.31
	=	0.48

Varta AG (XTER:VAR1) 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.

Varta AG Debt-to-Equity Related Terms

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Varta AG (XTER:VAR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Varta AG (XTER:VAR1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VARTY:USA 1VAR:Italy 0GYQ:UK VAR1:Austria

Address

VARTA-Platz 1, Ellwangen, BW, DEU, 73479

Website

https://www.varta-ag.com

Varta AG manufactures and markets a wide range of industrial, commercial, and miniaturized batteries for equipment and devices. It operates in five reportable business segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Others. The company generates the majority of its revenue from the Consumer Batteries segment which comprises the product categories of household comprises the product categories of household batteries, rechargeable batteries, chargers, portable power (power banks), and lights.

Executives

Rainer Hald	Board of Directors
Martin Ohneberg	Supervisory Board
Ddr. Michael Tojner	Supervisory Board
Dr. Markus Hackstein	Board of Directors
Dr. Michael Pistauer	Supervisory Board
Herbert Schein	Board of Directors
Armin Hessenberger	Board of Directors

Varta AG (XTER:VAR1) Headlines

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