KION GROUP AG (XTER:KGX) Debt-to-Equity : 0.78 (As of Mar. 2024)

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What is KION GROUP AG Debt-to-Equity?

KION GROUP AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,269 Mil. KION GROUP AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,338 Mil. KION GROUP AG's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €5,938 Mil. KION GROUP AG's debt to equity for the quarter that ended in Mar. 2024 was 0.78.

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 KION GROUP AG's Debt-to-Equity or its related term are showing as below:

XTER:KGX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.68 Max: 1.57
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of KION GROUP AG was 1.57. The lowest was 0.35. And the median was 0.68.

XTER:KGX's Debt-to-Equity is ranked worse than
75.13% of 189 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.4 vs XTER:KGX: 0.78

KION GROUP AG Debt-to-Equity Historical Data

The historical data trend for KION GROUP AG'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.

KION GROUP AG Debt-to-Equity Chart

KION GROUP AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.52

1.15

0.97

1.07

1.14

KION GROUP AG 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															0.68	0.71	0.71	1.14	0.78

Competitive Comparison of KION GROUP AG's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, KION GROUP AG'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.

KION GROUP AG's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where KION GROUP AG's Debt-to-Equity falls into.

KION GROUP AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KION GROUP AG'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
	=	(1569.3	+	5009)	/	5766.8
	=	1.14

KION GROUP AG'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
	=	(1269.2	+	3338)	/	5937.6
	=	0.78

KION GROUP AG (XTER:KGX) 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.

KION GROUP AG Debt-to-Equity Related Terms

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KION GROUP AG (XTER:KGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (XTER:KGX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KNNGF:USA KIGRY:USA 1KGX:Italy 0QFU:UK KGX:Austria

Address

Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549

Website

https://www.kiongroup.com

Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

Executives

Valeria Jimena Gargiulo	Board of Directors
Hasan Dandashly	Board of Directors
Andreas Ulf Krinninger	Board of Directors
Andreas Krinninger	Board of Directors
Dr. Henry Puhl	Board of Directors

KION GROUP AG (XTER:KGX) Headlines

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