TPC Consolidated (ASX:TPC) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is TPC Consolidated Debt-to-Equity?

TPC Consolidated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.8 Mil. TPC Consolidated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.8 Mil. TPC Consolidated's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$30.2 Mil. TPC Consolidated's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

ASX:TPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.22 Max: 2.18
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of TPC Consolidated was 2.18. The lowest was 0.03. And the median was 0.22.

ASX:TPC's Debt-to-Equity is ranked better than
87.34% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs ASX:TPC: 0.12

TPC Consolidated Debt-to-Equity Historical Data

The historical data trend for TPC Consolidated'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.

TPC Consolidated Debt-to-Equity Chart

TPC Consolidated Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.48

0.22

0.06

0.04

0.11

TPC Consolidated 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															0.03	0.04	0.13	0.11	0.12

Competitive Comparison of TPC Consolidated's Debt-to-Equity

For the Utilities - Diversified subindustry, TPC Consolidated'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.

TPC Consolidated's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, TPC Consolidated's Debt-to-Equity distribution charts can be found below:

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

TPC Consolidated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TPC Consolidated's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.618	+	2.809)	/	32.123
	=	0.11

TPC Consolidated'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
	=	(0.764	+	2.766)	/	30.155
	=	0.12

TPC Consolidated (ASX:TPC) 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.

TPC Consolidated Debt-to-Equity Related Terms

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TPC Consolidated (ASX:TPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » TPC Consolidated Ltd (ASX:TPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T7P:Germany

Address

225 George Street, Level 29, Sydney, NSW, AUS, 2000

Website

https://www.tpc.com.au

TPC Consolidated Ltd is engaged in the provision of retail electricity and gas services to residential and business customers and the provision of pre-paid mobile and related services in Australia. The company operates through two segments comprising Energy Services and Telecommunication Services, out of which the vast majority of the revenue is generated from Energy Services.