Thomson Reuters (Thomson Reuters) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Thomson Reuters Debt-to-Equity?

Thomson Reuters's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $428 Mil. Thomson Reuters's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,114 Mil. Thomson Reuters's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,064 Mil. Thomson Reuters's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Thomson Reuters's Debt-to-Equity or its related term are showing as below:

TRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.4 Max: 0.67
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Thomson Reuters was 0.67. The lowest was 0.27. And the median was 0.40.

TRI's Debt-to-Equity is ranked better than
56.13% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs TRI: 0.32

Thomson Reuters Debt-to-Equity Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters Debt-to-Equity Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.38

0.27

0.42

0.32

Thomson Reuters Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.35	0.50	0.39	0.32

Competitive Comparison of Thomson Reuters's Debt-to-Equity

For the Specialty Business Services subindustry, Thomson Reuters'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.

Thomson Reuters's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Debt-to-Equity distribution charts can be found below:

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

Thomson Reuters Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thomson Reuters's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(428	+	3114)	/	11064
	=	0.32

Thomson Reuters's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(428	+	3114)	/	11064
	=	0.32

Thomson Reuters (NYSE:TRI) 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.

Thomson Reuters Debt-to-Equity Related Terms

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

Thomson Reuters (Thomson Reuters) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (NYSE:TRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOC:Germany TRI.PR.B.PFD:Canada TRI:Canada

Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.