Delek Automotive Systems (XTAE:DLEA) Debt-to-Equity : 3.85 (As of Mar. 2024)

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What is Delek Automotive Systems Debt-to-Equity?

Delek Automotive Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪2,755 Mil. Delek Automotive Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪2,903 Mil. Delek Automotive Systems's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪1,468 Mil. Delek Automotive Systems's debt to equity for the quarter that ended in Mar. 2024 was 3.85.

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

XTAE:DLEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.69 Max: 3.96
Current: 3.85

During the past 13 years, the highest Debt-to-Equity Ratio of Delek Automotive Systems was 3.96. The lowest was 0.72. And the median was 1.69.

XTAE:DLEA's Debt-to-Equity is ranked worse than
97.11% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XTAE:DLEA: 3.85

Delek Automotive Systems Debt-to-Equity Historical Data

The historical data trend for Delek Automotive Systems'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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Delek Automotive Systems Debt-to-Equity Chart

Delek Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.20

2.76

1.62

1.58

3.96

Delek Automotive Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.38	3.33	3.58	3.96	3.85

Competitive Comparison of Delek Automotive Systems's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Delek Automotive Systems'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.

Delek Automotive Systems's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Delek Automotive Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Delek Automotive Systems'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
	=	(2183.574	+	3350.272)	/	1396.993
	=	3.96

Delek Automotive Systems'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
	=	(2755.478	+	2903.08)	/	1468.074
	=	3.85

Delek Automotive Systems (XTAE:DLEA) 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.

Delek Automotive Systems Debt-to-Equity Related Terms

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

Delek Automotive Systems (XTAE:DLEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Delek Automotive Systems Ltd (XTAE:DLEA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Abba Eban Boulevard, P.O.B. 2054, Herzeliya, ISR, 4612001

Website

http://www.delek-group.com

Delek Automotive Systems, headquartered in Israel, is engaged in import, distribution, and marketing of vehicles and vehicle parts. The company is part of Delek Group, which is involved in energy and infrastructure, insurance and finance, automotive, and chemicals. Delek Automotive Systems mainly distributes Mazda, Ford, Lincoln, and BMW vehicles. Delek Automotive Systems operates two subsidiaries: Delek Motors and Kamor Motors.

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