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Highest Debt to Asset Ratio in the Auto Parts & Equipment Industry Detected in Shares of Metaldyne Perfor (MPG, AXL, SUP, HZN, DLPH)

By James Quinn

Below are the three companies in the Auto Parts & Equipment industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Metaldyne Perfor ranks highest with a a debt to asset ratio of 57.86. Following is Amer Axle & Mfg with a a debt to asset ratio of 50.43. Superior Inds ranks third highest with a a debt to asset ratio of 44.06.

Horizon Global follows with a a debt to asset ratio of 41.69, and Delphi Automotiv rounds out the top five with a a debt to asset ratio of 40.47.

SmarTrend recommended that subscribers consider buying shares of Horizon Global on August 21st, 2019 as our technology indicated a new Uptrend was in progress when shares hit $3.88. Since that recommendation, shares of Horizon Global have risen 15.2%. We continue to monitor Horizon Global for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio :mpg metaldyne perfor amer axle & mfg superior inds horizon global delphi automotiv

Ticker(s): AXL SUP HZN DLPH