Stoneridge (FRA:2GX) Debt-to-Asset : 0.30 (As of Mar. 2024)

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What is Stoneridge Debt-to-Asset?

Stoneridge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.9 Mil. Stoneridge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €184.9 Mil. Stoneridge's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €621.4 Mil. Stoneridge's debt to asset for the quarter that ended in Mar. 2024 was 0.30.

Stoneridge Debt-to-Asset Historical Data

The historical data trend for Stoneridge'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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Stoneridge Debt-to-Asset Chart

Stoneridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.24

0.26

0.28

0.29

Stoneridge Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.26	0.29	0.29	0.30

Competitive Comparison of Stoneridge's Debt-to-Asset

For the Auto Parts subindustry, Stoneridge'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.

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

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

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

Stoneridge Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Stoneridge'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
	=	(1.938	+	180.677)	/	623.468
	=	0.29

Stoneridge's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(1.911	+	184.933)	/	621.379
	=	0.30

Stoneridge (FRA:2GX) 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.

Stoneridge Debt-to-Asset Related Terms

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Stoneridge (FRA:2GX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stoneridge Inc (FRA:2GX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SRI:USA

Address

39675 MacKenzie Drive, Suite 400, Novi, MI, USA, 48377

Website

https://www.stoneridge.com

Stoneridge Inc is a manufacturer of electrical and electronic components used in automotive vehicles. The company produces instrumentation systems, vehicle management electronics, application-specific switches and actuators, sensors, security alarms, and vehicle tracking devices and monitoring services for commercial, automotive, off-highway, and agricultural vehicle markets. Stoneridge generates the majority of its revenue in its Electronics segment that produces driver information systems, camera-based vision systems, connectivity, and compliance products, and electronic control units. Geographically, the company's operations are focused on North America. It has Control Devices, Electronics, and Stoneridge Brazil segments.

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