Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vitesco Technologies Group AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,851 Mil. Vitesco Technologies Group AG's Total Assets for the quarter that ended in Dec. 2023 was €7,583 Mil.
Therefore, Vitesco Technologies Group AG's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.38.
The historical rank and industry rank for Vitesco Technologies Group AG's Equity-to-Asset or its related term are showing as below:
XTER:VTSC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.37 Max: 0.56
Current: 0.38
During the past 6 years, the highest Equity to Asset Ratio of Vitesco Technologies Group AG was 0.56. The lowest was 0.33. And the median was 0.37.
XTER:VTSC's Equity-to-Asset is ranked worse than 64.02% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs XTER:VTSC: 0.38
Vitesco Technologies Group AG Equity-to-Asset Historical Data
The historical data trend for Vitesco Technologies Group AG's Equity-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.
For the Auto Parts subindustry, Vitesco Technologies Group AG's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Vitesco Technologies Group AG Equity-to-Asset Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Vitesco Technologies Group AG's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vitesco Technologies Group AG's Equity-to-Asset falls into.
Vitesco Technologies Group AG Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Vitesco Technologies Group AG's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Vitesco Technologies Group AG (XTER:VTSC) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Vitesco Technologies Group AG Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Vitesco Technologies Group AG's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Vitesco Technologies Group AG (XTER:VTSC) Business Description
Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.
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