Transcontinental (TSX:TCL.B) Debt-to-Equity : 0.52 (As of Jan. 2024)

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What is Transcontinental Debt-to-Equity?

Transcontinental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$25 Mil. Transcontinental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$944 Mil. Transcontinental's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1,872 Mil. Transcontinental's debt to equity for the quarter that ended in Jan. 2024 was 0.52.

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

TSX:TCL.B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.6 Max: 0.94
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Transcontinental was 0.94. The lowest was 0.27. And the median was 0.60.

TSX:TCL.B's Debt-to-Equity is ranked worse than
55.43% of 341 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs TSX:TCL.B: 0.52

Transcontinental Debt-to-Equity Historical Data

The historical data trend for Transcontinental'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.

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Transcontinental Debt-to-Equity Chart

Transcontinental Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.82

0.68

0.64

0.61

0.56

Transcontinental 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	Get a 7-Day Free Trial															0.64	0.64	0.62	0.56	0.52

Competitive Comparison of Transcontinental's Debt-to-Equity

For the Packaging & Containers subindustry, Transcontinental'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.

Transcontinental's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Transcontinental's Debt-to-Equity distribution charts can be found below:

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

Transcontinental Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transcontinental's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(25.6	+	1032.4)	/	1901.3
	=	0.56

Transcontinental's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(25.4	+	944.4)	/	1871.6
	=	0.52

Transcontinental (TSX:TCL.B) 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.

Transcontinental Debt-to-Equity Related Terms

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

Transcontinental (TSX:TCL.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Transcontinental Inc (TSX:TCL.B) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCLCF:USA TCLAF:USA TCL.A:Canada

Address

1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, CAN, H3B 0G1

Website

https://tctranscontinental.com

Transcontinental Inc or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions. The smaller other segment focuses on the media sector, which generates revenue from print and digital publishing products.

Transcontinental (TSX:TCL.B) Headlines

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