Automax Motors (XTAE:AMX) Debt-to-Equity : 5.82 (As of Mar. 2024)

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What is Automax Motors Debt-to-Equity?

Automax Motors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪165 Mil. Automax Motors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪55 Mil. Automax Motors's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪38 Mil. Automax Motors's debt to equity for the quarter that ended in Mar. 2024 was 5.82.

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 Automax Motors's Debt-to-Equity or its related term are showing as below:

XTAE:AMX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 3.17 Max: 7.22
Current: 5.82

During the past 13 years, the highest Debt-to-Equity Ratio of Automax Motors was 7.22. The lowest was 0.13. And the median was 3.17.

XTAE:AMX's Debt-to-Equity is ranked worse than
98.9% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XTAE:AMX: 5.82

Automax Motors Debt-to-Equity Historical Data

The historical data trend for Automax Motors'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.

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Automax Motors Debt-to-Equity Chart

Automax Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.43

5.32

3.01

5.84

5.66

Automax Motors Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															7.22	6.67	6.96	5.66	5.82

Competitive Comparison of Automax Motors's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Automax Motors'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.

Automax Motors's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Automax Motors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Automax Motors'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
	=	(584.835	+	200.194)	/	138.8
	=	5.66

Automax Motors's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(165.236	+	55.391)	/	37.916
	=	5.82

Automax Motors (XTAE:AMX) 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.

Automax Motors Debt-to-Equity Related Terms

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