Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Horizon Global's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-108.4 Mil. Horizon Global's Total Assets for the quarter that ended in Sep. 2022 was $410.1 Mil.
Therefore, Horizon Global's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was -0.26.
The historical rank and industry rank for Horizon Global's Equity-to-Asset or its related term are showing as below:
HZN's Equity-to-Asset is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.47 * Ranked among companies with meaningful Equity-to-Asset only.
Horizon Global Equity-to-Asset Historical Data
The historical data trend for Horizon Global's Equity-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.
Competitive Comparison of Horizon Global's Equity-to-Asset
For the Auto Parts subindustry, Horizon Global's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Horizon Global's Equity-to-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Horizon Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Horizon Global's Equity-to-Asset falls into.
Horizon Global Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Horizon Global's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Horizon Global (NYSE:HZN) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Horizon Global Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Horizon Global's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Horizon Global (Horizon Global) Business Description
Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.
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