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Atmus Filtration Technologies (Atmus Filtration Technologies) Debt-to-Equity : 5.17 (As of Mar. 2024)


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What is Atmus Filtration Technologies Debt-to-Equity?

Atmus Filtration Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $19 Mil. Atmus Filtration Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $610 Mil. Atmus Filtration Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $122 Mil. Atmus Filtration Technologies's debt to equity for the quarter that ended in Mar. 2024 was 5.17.

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 Atmus Filtration Technologies's Debt-to-Equity or its related term are showing as below:

ATMU' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.1   Med: 5.17   Max: 451.07
Current: 5.17

During the past 4 years, the highest Debt-to-Equity Ratio of Atmus Filtration Technologies was 451.07. The lowest was -7.10. And the median was 5.17.

ATMU's Debt-to-Equity is ranked worse than
98.89% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs ATMU: 5.17

Atmus Filtration Technologies Debt-to-Equity Historical Data

The historical data trend for Atmus Filtration Technologies'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.

Atmus Filtration Technologies Debt-to-Equity Chart

Atmus Filtration Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
N/A 0.02 0.07 7.76

Atmus Filtration Technologies Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -7.10 451.07 18.23 7.76 5.17

Competitive Comparison of Atmus Filtration Technologies's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Atmus Filtration Technologies'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.

Atmus Filtration Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atmus Filtration Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atmus Filtration Technologies's Debt-to-Equity falls into.


Atmus Filtration Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atmus Filtration Technologies'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
=(14.9 + 611) / 80.7
=7.76

Atmus Filtration Technologies'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
=(18.9 + 610.2) / 121.8
=5.17

* 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.

Atmus Filtration Technologies  (NYSE:ATMU) 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.

Atmus Filtration Technologies Debt-to-Equity Related Terms

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Atmus Filtration Technologies (Atmus Filtration Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atmus Filtration Technologies Inc (NYSE:ATMU) » Definitions » Debt-to-Equity
Comparable Companies
ERII PCT CECO SCWO SPEC ADES BNET MEEC CLIR FTEK VLTO XBRU:UMI ZWS FSS TSE:6370 SZSE:300390 OSTO:MTRS SHSE:600388 SHSE:603279 TSE:6368
Traded in Other Exchanges
N/A
Address
26 Century Boulevard, Nashville, TN, USA, 37214
Website
https://www.cumminsfiltration.com
Atmus Filtration Technologies Inc manufactures filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide asset protection. It designs, manufactures, and sells filters, coolants, and chemical products. Atmus offers products for first-fit and aftermarket applications including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.
Executives
Stephen E. Macadam director C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Renee Swan officer: Chief People Officer 26 CENTURY BOULEVARD, ONE CENTURY PLACE, SUITE 500, NASHVILLE TN 37214
Cummins Inc 10 percent owner BOX 3005 MAIL CODE 60207, 500, COLUMBUS IN 47202-3005
Nathan R Stoner director 500 JACKSON STREET, COLUMBUS IN 47201
Gretchen R Haggerty director
Jane A Leipold director C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Mark Andrew Smith director 500 JACKSON STREET, COLUMBUS IN 47201
Earl Newsome director 505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Tony Satterthwaite director 1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Mark Osowick officer: Chief Human Resources Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Steph Disher director, officer: Chief Executive Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Toni Hickey officer: Chief Legal Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Cristina Burrola director 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Charles Masters officer: VP, Engine Products 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Roy Edwin Bennett director 26 CENTURY BOULEVARD, NASHVILLE TN 37214