The Timken Co (FRA:TKH) Debt-to-Asset : 0.38 (As of Mar. 2024)

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What is The Timken Co Debt-to-Asset?

The Timken Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €577 Mil. The Timken Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,730 Mil. The Timken Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €6,020 Mil. The Timken Co's debt to asset for the quarter that ended in Mar. 2024 was 0.38.

The Timken Co Debt-to-Asset Historical Data

The historical data trend for The Timken Co'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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The Timken Co Debt-to-Asset Chart

The Timken Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.38

0.33

0.30

0.36

0.38

The Timken Co 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															0.36	0.35	0.37	0.38	0.38

Competitive Comparison of The Timken Co's Debt-to-Asset

For the Tools & Accessories subindustry, The Timken Co'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.

The Timken Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Timken Co's Debt-to-Asset distribution charts can be found below:

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

The Timken Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

The Timken Co'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
	=	(579.085	+	1713.873)	/	5998.739
	=	0.38

The Timken Co'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
	=	(577.484	+	1729.692)	/	6020.48
	=	0.38

The Timken Co (FRA:TKH) 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.

The Timken Co Debt-to-Asset Related Terms

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The Timken Co (FRA:TKH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Timken Co (FRA:TKH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TKR:USA TKR:Mexico TKH:Germany

Address

4500 Mount Pleasant Street North West, North Canton, OH, USA, 44720-5450

Website

https://www.timken.com

The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates its revenue in the United States of America.

The Timken Co (FRA:TKH) Headlines

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