ElringKlinger AG (CHIX:ZIL2D) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is ElringKlinger AG Debt-to-Asset?

ElringKlinger AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €58 Mil. ElringKlinger AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €32 Mil. ElringKlinger AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €2,008 Mil. ElringKlinger AG's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

ElringKlinger AG Debt-to-Asset Historical Data

The historical data trend for ElringKlinger AG's Debt-to-Asset 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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ElringKlinger AG Debt-to-Asset Chart

ElringKlinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.03

0.06

0.04

0.05

ElringKlinger AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.03	0.03	0.03	0.05

Competitive Comparison of ElringKlinger AG's Debt-to-Asset

For the Auto Parts subindustry, ElringKlinger AG's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

ElringKlinger AG's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

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

ElringKlinger AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ElringKlinger AG's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(57.931	+	31.916)	/	2008.177
	=	0.04

ElringKlinger AG's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(57.931	+	31.916)	/	2008.177
	=	0.04

ElringKlinger AG (CHIX:ZIL2d) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ElringKlinger AG Debt-to-Asset Related Terms

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ElringKlinger AG (CHIX:ZIL2D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ElringKlinger AG (CHIX:ZIL2d) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ELLRY:USA EGKLF:USA 0MG5:UK ZIL2:Germany

Address

Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581

Website

https://www.elringklinger.com

ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.

ElringKlinger AG (CHIX:ZIL2D) Headlines

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