American Axle & Mfg Holdings (FRA:AYA) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is American Axle & Mfg Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. American Axle & Mfg Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

American Axle & Mfg Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.54) to Mar. 2024 (0.53). It may suggest that American Axle & Mfg Holdings is progressively becoming less dependent on debt to grow their business.

American Axle & Mfg Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Axle & Mfg Holdings's LT-Debt-to-Total-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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American Axle & Mfg Holdings LT-Debt-to-Total-Asset Chart

American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.56

0.60

0.57

0.54

0.53

American Axle & Mfg Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.53	0.54	0.53	0.53

American Axle & Mfg Holdings LT-Debt-to-Total-Asset Calculation

American Axle & Mfg Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2611.066	/	4911.727
	=	0.53

American Axle & Mfg Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2600.104	/	4941.412
	=	0.53

American Axle & Mfg Holdings (FRA:AYA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

American Axle & Mfg Holdings LT-Debt-to-Total-Asset Related Terms

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American Axle & Mfg Holdings (FRA:AYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (FRA:AYA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AXL:USA

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

American Axle & Mfg Holdings (FRA:AYA) Headlines

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