TGI Infrastructures (XTAE:TGI) Debt-to-Equity : 0.94 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is TGI Infrastructures Debt-to-Equity?

TGI Infrastructures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪29.5 Mil. TGI Infrastructures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪58.5 Mil. TGI Infrastructures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪94.1 Mil. TGI Infrastructures's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

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

XTAE:TGI' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.66 Med: 0.96 Max: 11.35
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of TGI Infrastructures was 11.35. The lowest was -4.66. And the median was 0.96.

XTAE:TGI's Debt-to-Equity is ranked worse than
72.35% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XTAE:TGI: 0.94

TGI Infrastructures Debt-to-Equity Historical Data

The historical data trend for TGI Infrastructures'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.

TGI Infrastructures Debt-to-Equity Chart

TGI Infrastructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.15

11.35

-4.66

1.44

0.94

TGI Infrastructures Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-4.66	6.51	1.44	1.18	0.94

Competitive Comparison of TGI Infrastructures's Debt-to-Equity

For the Auto Parts subindustry, TGI Infrastructures'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.

TGI Infrastructures's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TGI Infrastructures's Debt-to-Equity distribution charts can be found below:

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

TGI Infrastructures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGI Infrastructures'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
	=	(29.545	+	58.501)	/	94.103
	=	0.94

TGI Infrastructures'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
	=	(29.545	+	58.501)	/	94.103
	=	0.94

TGI Infrastructures (XTAE:TGI) 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.

TGI Infrastructures Debt-to-Equity Related Terms

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

TGI Infrastructures (XTAE:TGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TGI Infrastructures Ltd (XTAE:TGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alon Tavor Industrial Area, POB 2001, Afula, ISR, 1812001

Website

http://www.tadirgan.co.il

TGI Infrastructures Ltd, formerly Tadir-Gan (Precision Products) 1993 Ltd manufactures machined and assembled aluminum high-pressure die cast products. Its product categories include Aluminium and Magnesium products. The company's products include powertrain, transmission, steering, structural products, oil pans, valve covers, transmission parts, and other products.