Horizon Global (Horizon Global) Debt-to-Equity : -3.00 (As of Sep. 2022)

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What is Horizon Global Debt-to-Equity?

Horizon Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $85.1 Mil. Horizon Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $239.8 Mil. Horizon Global's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-108.4 Mil. Horizon Global's debt to equity for the quarter that ended in Sep. 2022 was -3.00.

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 Horizon Global's Debt-to-Equity or its related term are showing as below:

HZN's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.48
* Ranked among companies with meaningful Debt-to-Equity only.

Horizon Global Debt-to-Equity Historical Data

The historical data trend for Horizon Global'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.

Horizon Global Debt-to-Equity Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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1.94

-5.72

21.66

-16.27

-9.54

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															-15.93	-9.54	-6.59	-5.31	-3.00

Competitive Comparison of Horizon Global's Debt-to-Equity

For the Auto Parts subindustry, Horizon Global'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.

Horizon Global's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Horizon Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(14.79	+	306.48)	/	-33.69
	=	-9.54

Horizon Global's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(85.05	+	239.77)	/	-108.4
	=	-3.00

Horizon Global (NYSE:HZN) 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.

Horizon Global Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Horizon Global's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Global (Horizon Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (NYSE:HZN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

Executives

Jian James Zhou	officer: Chief Financial Officer	47912 HALYARD DRIVE, STE.100, PLYMOUTH MI 48170
John Frederick Barrett	director	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Corre Partners Management, Llc	director, other: See Remarks	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
John C Kennedy	director	GRAND RAPIDS 616- 698 0707, KENTWOOD MI 49512
Ryan L Langdon	director	1901 N ROSELLE RD., SUITE 500, SCHAUMBURG IL 60195
Terry Gohl	director, officer: President, CEO	27175 HAGGERTY ROAD, NOVI MI 48377
Debra Sue Oler	director	3 GRENADIER COURT, LINCOLNSHIRE IL 60069
Donna Costello	director	17 STEWART COURT, WESTWOOD NJ 07675
Matthew Pollick	officer: Chief Operating Officer	47912 HALYARD ROAD, STE. 100, PLYMOUTH MI 48170
Dennis E. Richardville	officer: Chief Financial Officer	47912 HALYARD DRIVE, SUITE 100, PLYMOUTH MI 48170
Matthew Joseph Meyer	other: Chief Accounting Officer	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Richard J. Jok	officer: Interim Chief Financial Office	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Atlas Capital Resources Ii Lp	10 percent owner	ONE SOUND SHORE DRIVE, #203, GREENWICH CT 06830
James F Sistek	officer: Chief Administrative Officer	ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111