Azarga Metals (FRA:TGP) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Azarga Metals Debt-to-Equity?

Azarga Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Azarga Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Azarga Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-0.07 Mil. Azarga Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

FRA:TGP' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.49 Med: 0.26 Max: 2.32
Current: -17.64

During the past 13 years, the highest Debt-to-Equity Ratio of Azarga Metals was 2.32. The lowest was -1.49. And the median was 0.26.

FRA:TGP's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:TGP: -17.64

Azarga Metals Debt-to-Equity Historical Data

The historical data trend for Azarga Metals'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.

Azarga Metals Debt-to-Equity Chart

Azarga Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.97

1.96

2.32

-1.26

Azarga Metals 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															-1.10	-1.10	-1.02	-	-

Competitive Comparison of Azarga Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Azarga Metals'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.

Azarga Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Azarga Metals's Debt-to-Equity distribution charts can be found below:

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

Azarga Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Azarga Metals's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0	+	0)	/	-0.006
	=	0.00

Azarga Metals'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
	=	(0	+	0)	/	-0.068
	=	0.00

Azarga Metals (FRA:TGP) 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.

Azarga Metals Debt-to-Equity Related Terms

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