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

By David Diaz

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. Amer Axle & Mfg is next 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 its subscribers protect gains by selling shares of Delphi Automotiv on April 25th, 2019 by issuing a Downtrend alert when the shares were trading at $23.20. Since that call, shares of Delphi Automotiv have fallen 23.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): AXL SUP HZN DLPH