Nokian Tyres (OHEL:TYRES) Debt-to-Asset : 0.38 (As of Sep. 2024)

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What is Nokian Tyres Debt-to-Asset?

Nokian Tyres's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €219 Mil. Nokian Tyres's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €743 Mil. Nokian Tyres's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €2,525 Mil. Nokian Tyres's debt to asset for the quarter that ended in Sep. 2024 was 0.38.

Nokian Tyres Debt-to-Asset Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Debt-to-Asset Chart

Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.11

0.21

0.12

0.18

0.28

Nokian Tyres 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															0.28	0.28	0.29	0.33	0.38

Competitive Comparison of Nokian Tyres's Debt-to-Asset

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

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

Nokian Tyres Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nokian Tyres'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
	=	(142.9	+	495.5)	/	2325.2
	=	0.27

Nokian Tyres'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
	=	(218.5	+	743.2)	/	2524.8
	=	0.38

Nokian Tyres (OHEL:TYRES) 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.

Nokian Tyres Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Nokian Tyres's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nokian Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OHEL:TYRES) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 1TYRES:Italy TYRESh:UK 0FFY:UK NRE:Germany NRE1:Austria

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The Passenger car tyres segment generates the majority of revenue.

Nokian Tyres Headlines

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