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<< Back to Financial Strength by Company within Auto & Truck Parts Industry
Auto & Truck Parts Industry Financial Strength Information
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Financial Strength Information & Trends  |
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Industry: Auto & Truck Parts ▼
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Category:
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Period:
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| Auto & Truck Parts Industry |
2 Q |
1 Q |
4 Q |
3 Q |
2 Q |
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2024 |
2024 |
2023 |
2023 |
2023 |
| Quick Ratio (TTM) |
0.23 |
0.18 |
0.28 |
0.23 |
0.27 |
| Quick Ratio Ranking |
# 71 |
# 75 |
# 61 |
# 67 |
# 65 |
| Working Capital Ratio (TTM) |
1.5 |
1.52 |
1.63 |
1.58 |
1.52 |
| Working Capital Ratio Ranking |
# 35 |
# 32 |
# 27 |
# 35 |
# 42 |
| Working Capital Per Revenue |
0.13 |
0.14 |
0.14 |
0.15 |
0.13 |
| Working Capital Per Revenue Ranking |
# 59 |
# 63 |
# 64 |
# 67 |
# 60 |
| Leverage Ratio (TTM) |
2.31 |
1.93 |
2.29 |
1.92 |
2.62 |
| Leverage Ratio Ranking |
# 59 |
# 50 |
# 64 |
# 52 |
# 67 |
| Total Debt to Equity (TTM) |
0.93 |
0.8 |
0.92 |
0.86 |
1.12 |
| Total Debt to Equity Ranking |
# 61 |
# 54 |
# 70 |
# 64 |
# 71 |
| Interest Coverage (TTM) |
7.37 |
7.37 |
6.74 |
8.59 |
7.86 |
| Interest Coverage
Ranking |
# 66 |
# 54 |
# 60 |
# 46 |
# 56 |
| Debt Coverage (TTM) |
0.28 |
0.31 |
0.35 |
0.35 |
0.34 |
| Debt Coverage Ranking |
# 65 |
# 55 |
# 45 |
# 50 |
# 51 |
| Quick Ratio Comment |
On the trailing twelve months basis Current Liabilities decreased faster than Auto & Truck Parts Industry's Cash & cash equivalent, this led to improvement in Auto & Truck Parts Industry's Quick Ratio to 0.23 in the 2 Q 2024,, Quick Ratio remained below Auto & Truck Parts Industry average.
Within Consumer Discretionary sector 4 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 71, from total ranking in previous quarter at 75. |
Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.
| Quick Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 0.8 |
0.29 |
0.18 |
| 1. quarter 2016 |
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1. quarter 2024 |
| Quick Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 71
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| Auto & Truck Parts Industry Working Capital Ratio Statistics as of 2 Q 2024 |
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| Working Capital Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 1.96 |
1.52 |
1.37 |
| 1. quarter 2016 |
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4. quarter 2018 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Due to increase in Current Liabilities in the 2 Q 2024, Working Capital Ratio fell to 1.5 below Auto & Truck Parts Industry average.
Within Consumer Discretionary sector 4 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has deteriorated relative to the previous quarter from 32 to 35.
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| Working Capital Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 35
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| Auto & Truck Parts Industry Working Capital Per Revenue
Statistics as of 2 Q 2024 |
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| Working Capital Per Revenue Comment |
On the trailing twelve months basis Auto & Truck Parts Industry's Working Capital Per Revenue sequentially decreased to 0.13 in the 2 Q 2024, below Industry average. Due to decrease of revenue year on year by -3.81%.
Within Consumer Discretionary sector 2 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 59, from total ranking in previous quarter at 63.
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| Working Capital Per Revenue Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 0.16 |
0.13 |
0.09 |
| 3. quarter 2022 |
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1. quarter 2016 |
| Working Capital Per Revenue Industry Ranking |
| Within: |
No. |
| Sector |
# 3 |
| Overall |
# 59
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| Auto & Truck Parts Industry Leverage Ratio Statistics as of 2 Q 2024 |
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| Leverage Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 2.62 |
1.9 |
0.3 |
| 2. quarter 2023 |
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1. quarter 2016 |
| Leverage Ratio Comment |
Due to cumulative net new borrowings of -1.45% in the 2 Q 2024, Liabilities to Equity ratio increased to 2.31, above Auto & Truck Parts Industry average.
Among other Industries in the Consumer Discretionary sector 5 other industries have achieved lower Leverage Ratio.
Leverage Ratio overall ranking has fallen relative to the prior quarter from 50 to 59.
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| Leverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 6 |
| Overall |
# 59
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| Auto & Truck Parts Industry Total Debt to Equity Ratio Statistics as of 2 Q 2024 |
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| Debt to Equity
Ratio Comment |
Due to net new borrowings of 0.09%, Total Debt to Equity detoriated to 0.93 in the 2 Q 2024, above Industry average.
Within Consumer Discretionary sector 5 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has contracted relative to the preceding quarter from 54 to 61.
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| Debt to Equity Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 1.12 |
0.31 |
0.03 |
| 2. quarter 2023 |
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2. quarter 2021 |
| Debt to Equity Industry Ranking |
| Within: |
No. |
| Sector |
# 6 |
| Overall |
# 61
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| Auto & Truck Parts Industry Interest Coverage Ratio Statistics as of 2 Q 2024 |
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| Interest Coverage Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 19.86 |
11.68 |
4.66 |
| 1. quarter 2017 |
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2. quarter 2020 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis Despite sequential decrease in interest expenses, Interest Coverage Ratio detoriated to 7.37 in the 2 Q 2024, below Auto & Truck Parts Industry average.
In the Consumer Discretionary sector 5 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 54 to 66.
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| Interest Coverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 6 |
| Overall |
# 66
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| Auto & Truck Parts Industry Debt Coverage
Statistics as of 2 Q 2024 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis Due to increase in total debt in 2 Q 2024, Debt Coverage Ratio fell to 0.28 a new Auto & Truck Parts Industry low.
Looking into Consumer Discretionary sector 4 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 55 to 65.
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| Debt Coverage Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 9.42 |
2.89 |
0.28 |
| 2. quarter 2021 |
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2. quarter 2024 |
| Debt Coverage Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 65
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Date modified: 2024-09-08T22:32:08+00:00
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