Garrett Motion (Garrett Motion) Debt-to-Equity : -2.29 (As of Mar. 2024)

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What is Garrett Motion Debt-to-Equity?

Garrett Motion's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16.00 Mil. Garrett Motion's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,668.00 Mil. Garrett Motion's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-735.00 Mil. Garrett Motion's debt to equity for the quarter that ended in Mar. 2024 was -2.29.

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 Garrett Motion's Debt-to-Equity or its related term are showing as below:

GTXAP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.11 Med: -1.77 Max: -0.63
Current: -2.29

During the past 9 years, the highest Debt-to-Equity Ratio of Garrett Motion was -0.63. The lowest was -15.11. And the median was -1.77.

GTXAP.PFD's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs GTXAP.PFD: -2.29

Garrett Motion Debt-to-Equity Historical Data

The historical data trend for Garrett Motion'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.

Garrett Motion Debt-to-Equity Chart

Garrett Motion Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.68

-0.72

-2.65

-10.35

-2.30

Garrett Motion 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															-15.11	-3.01	-2.42	-2.30	-2.29

Competitive Comparison of Garrett Motion's Debt-to-Equity

For the Auto Parts subindustry, Garrett Motion'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.

Garrett Motion's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Garrett Motion's Debt-to-Equity falls into.

Garrett Motion Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garrett Motion'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
	=	(16	+	1676)	/	-735
	=	-2.30

Garrett Motion'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
	=	(16	+	1668)	/	-735
	=	-2.29

Garrett Motion (NAS:GTXAP.PFD) 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.

Garrett Motion Debt-to-Equity Related Terms

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Garrett Motion (Garrett Motion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (NAS:GTXAP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTX:USA G02:Germany

Address

La Piece 16, Rolle, CHE, 1180

Website

https://www.garrettmotion.com

Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.