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Toll Brothers (Toll Brothers) Debt-to-Equity

: 0.41 (As of Jan. 2024)
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Toll Brothers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0 Mil. Toll Brothers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2,847 Mil. Toll Brothers's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $7,019 Mil. Toll Brothers's debt to equity for the quarter that ended in Jan. 2024 was 0.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Toll Brothers's Debt-to-Equity or its related term are showing as below:

TOL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41   Med: 0.8   Max: 0.98
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Toll Brothers was 0.98. The lowest was 0.41. And the median was 0.80.

TOL's Debt-to-Equity is ranked better than
57.73% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 0.56 vs TOL: 0.41

Toll Brothers Debt-to-Equity Historical Data

The historical data trend for Toll Brothers's Debt-to-Equity 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.

* Premium members only.

Toll Brothers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.84 0.70 0.58 0.44

Toll Brothers Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.46 0.44 0.44 0.41

Competitive Comparison

For the Residential Construction subindustry, Toll Brothers's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Toll Brothers Debt-to-Equity Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Toll Brothers's Debt-to-Equity falls into.



Toll Brothers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toll Brothers's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Toll Brothers's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

* 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.


Toll Brothers  (NYSE:TOL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Toll Brothers Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Toll Brothers's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Toll Brothers (Toll Brothers) Business Description

Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.
Executives
Paul E Shapiro director
Martin P. Connor officer: Chief Financial Officer 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
John A Mclean director TOLL BROTHERS, INC., 1140 GIBRALTAR ROAD, FORT WASHINGTON PA 19034
Yearley Douglas C. Jr. officer: Executive Vice President 250 GIBRALTAR ROAD, HORSHAM PA 19044
Carl B Marbach director 17730 SCARSDALE WAY, BOCA RATON FL 33496
Robert Parahus officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Michael J. Grubb officer: Chief Accounting Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Christine Garvey director 14100 E 35TH PLACE, AURORA CO 80011
Derek T. Kan director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Richard J Braemer director 324 SPRUCE ST, PHILADELPHIA PA 19106
Scott D Stowell director
Robert I Toll director, 10 percent owner, officer: Chief Executive Officer 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19006
Edward G Boehne director 313 DEVON STATE ST, DEVON PA 19333
Stephen F. East director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
James W. Boyd officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034