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Relatively High Debt to Asset Ratio Detected in Shares of Xerium Technologies in the Industrial Machinery Industry (XRM, BLT, ITW, NPO, NDSN)

By Shiri Gupta

Below are the three companies in the Industrial Machinery 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.

Xerium Technologies ranks highest with a a debt to asset ratio of 0.86. Following is Blount International with a a debt to asset ratio of 0.54. Illinois Tool Works ranks third highest with a a debt to asset ratio of 0.49.

EnPro Industries follows with a a debt to asset ratio of 0.45, and Nordson rounds out the top five with a a debt to asset ratio of 0.41.

SmarTrend recommended that subscribers consider buying shares of Xerium Technologies on May 6th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $5.94. Since that recommendation, shares of Xerium Technologies have risen 33.3%. We continue to monitor Xerium Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio xerium technologies Blount International Illinois Tool Works enpro industries Nordson