Transat AT (Transat AT) Debt-to-Equity : -2.15 (As of Jan. 2024)

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What is Transat AT Debt-to-Equity?

Transat AT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $112 Mil. Transat AT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,232 Mil. Transat AT's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-626 Mil. Transat AT's debt to equity for the quarter that ended in Jan. 2024 was -2.15.

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

TRZBF' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.28 Med: -2.15 Max: 169.69
Current: -2.15

During the past 13 years, the highest Debt-to-Equity Ratio of Transat AT was 169.69. The lowest was -15.28. And the median was -2.15.

TRZBF's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs TRZBF: -2.15

Transat AT Debt-to-Equity Historical Data

The historical data trend for Transat AT'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.

Transat AT Debt-to-Equity Chart

Transat AT Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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1.20

13.63

-4.51

-2.34

-2.43

Transat AT 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															-2.11	-2.09	-2.37	-2.43	-2.15

Competitive Comparison of Transat AT's Debt-to-Equity

For the Travel Services subindustry, Transat AT'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.

Transat AT's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Transat AT's Debt-to-Equity distribution charts can be found below:

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

Transat AT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transat AT'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
	=	(109.573	+	1269.217)	/	-568.144
	=	-2.43

Transat AT'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
	=	(111.9	+	1231.697)	/	-625.925
	=	-2.15

Transat AT (OTCPK:TRZBF) 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.

Transat AT Debt-to-Equity Related Terms

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Transat AT (Transat AT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Transat AT Inc (OTCPK:TRZBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1TJ:Germany TRZ:Canada

Address

300 Leo-Pariseau Street, Suite 600, Montreal, QC, CAN, H2X 4C2

Website

https://www.transat.com

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.

Transat AT (Transat AT) Headlines

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