Cummins (LTS:0I58) Debt-to-Asset : 0.25 (As of Sep. 2024)

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What is Cummins Debt-to-Asset?

Cummins's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,864 Mil. Cummins's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5,249 Mil. Cummins's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $32,052 Mil. Cummins's debt to asset for the quarter that ended in Sep. 2024 was 0.25.

Cummins Debt-to-Asset Historical Data

The historical data trend for Cummins'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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Cummins Debt-to-Asset Chart

Cummins Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.20

0.28

0.23

Cummins Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.25	0.23	0.23	0.25	0.25

Competitive Comparison of Cummins's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Cummins'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.

Cummins's Debt-to-Asset Distribution in the Industrial Products Industry

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

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

Cummins Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cummins'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
	=	(2032	+	5176)	/	32005
	=	0.23

Cummins's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2864	+	5249)	/	32052
	=	0.25

Cummins (LTS:0I58) 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.

Cummins Debt-to-Asset Related Terms

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Cummins Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (LTS:0I58) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CMI:USA CUM:Germany CUM:Germany C1MI34:Brazil

Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

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