Tegma Gestao Logistica (BSP:TGMA3) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Tegma Gestao Logistica Debt-to-Equity?

Tegma Gestao Logistica's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$42 Mil. Tegma Gestao Logistica's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$130 Mil. Tegma Gestao Logistica's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$835 Mil. Tegma Gestao Logistica's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Tegma Gestao Logistica's Debt-to-Equity or its related term are showing as below:

BSP:TGMA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.39 Max: 1.41
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Tegma Gestao Logistica was 1.41. The lowest was 0.20. And the median was 0.39.

BSP:TGMA3's Debt-to-Equity is ranked better than
77.01% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs BSP:TGMA3: 0.21

Tegma Gestao Logistica Debt-to-Equity Historical Data

The historical data trend for Tegma Gestao Logistica'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.

Tegma Gestao Logistica Debt-to-Equity Chart

Tegma Gestao Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.41

0.29

0.20

0.21

Tegma Gestao Logistica 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															0.20	0.21	0.21	0.21	0.21

Competitive Comparison of Tegma Gestao Logistica's Debt-to-Equity

For the Trucking subindustry, Tegma Gestao Logistica'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.

Tegma Gestao Logistica's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Debt-to-Equity distribution charts can be found below:

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

Tegma Gestao Logistica Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tegma Gestao Logistica'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
	=	(42.099	+	130.17)	/	835.17
	=	0.21

Tegma Gestao Logistica'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
	=	(42.099	+	130.17)	/	835.17
	=	0.21

Tegma Gestao Logistica (BSP:TGMA3) 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.

Tegma Gestao Logistica Debt-to-Equity Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tegma Gestao Logistica SA (BSP:TGMA3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655

Website

http://www.tegma.com.br

Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

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