Nexteer Automotive Group (HKSE:01316) Debt-to-Equity : 0.05 (As of Jun. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Nexteer Automotive Group Debt-to-Equity?

Nexteer Automotive Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$468 Mil. Nexteer Automotive Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$266 Mil. Nexteer Automotive Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$15,215 Mil. Nexteer Automotive Group's debt to equity for the quarter that ended in Jun. 2024 was 0.05.

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 Nexteer Automotive Group's Debt-to-Equity or its related term are showing as below:

HKSE:01316' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.22 Max: 1.07
Current: 0.05

During the past 12 years, the highest Debt-to-Equity Ratio of Nexteer Automotive Group was 1.07. The lowest was 0.05. And the median was 0.22.

HKSE:01316's Debt-to-Equity is ranked better than
90.66% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs HKSE:01316: 0.05

Nexteer Automotive Group Debt-to-Equity Historical Data

The historical data trend for Nexteer Automotive Group'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.

Nexteer Automotive Group Debt-to-Equity Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.20

0.16

0.08

0.06

0.05

Nexteer Automotive Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.06	0.05	0.05	0.05

Competitive Comparison of Nexteer Automotive Group's Debt-to-Equity

For the Auto Parts subindustry, Nexteer Automotive Group'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.

Nexteer Automotive Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Nexteer Automotive Group's Debt-to-Equity falls into.

Nexteer Automotive Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nexteer Automotive Group'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
	=	(221.095	+	562.969)	/	15337.01
	=	0.05

Nexteer Automotive Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(468.03	+	265.579)	/	15214.864
	=	0.05

Nexteer Automotive Group (HKSE:01316) 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.

Nexteer Automotive Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nexteer Automotive Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nexteer Automotive Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (HKSE:01316) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTXVF:USA 8NX:Germany

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.

Executives

M&g Plc	2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Nai Shi Te Qi Che Xi Tong Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hang Kong Qi Che Xi Tong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Tai Ping Yang Shi Ji Bei Jing Qi Che Ling Bu Jian You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Qi Che Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

Nexteer Automotive Group Headlines

No Headlines