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Tetra Tech (Tetra Tech) Debt-to-Equity : 0.75 (As of Dec. 2023)


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What is Tetra Tech Debt-to-Equity?

Tetra Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68 Mil. Tetra Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,085 Mil. Tetra Tech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,538 Mil. Tetra Tech's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 Tetra Tech's Debt-to-Equity or its related term are showing as below:

TTEK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19   Med: 0.39   Max: 0.96
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Tetra Tech was 0.96. The lowest was 0.19. And the median was 0.39.

TTEK's Debt-to-Equity is ranked worse than
66.8% of 1506 companies
in the Construction industry
Industry Median: 0.435 vs TTEK: 0.75

Tetra Tech Debt-to-Equity Historical Data

The historical data trend for Tetra Tech'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.

Tetra Tech Debt-to-Equity Chart

Tetra Tech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.53 0.37 0.39 0.78

Tetra Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.96 0.79 0.78 0.75

Competitive Comparison of Tetra Tech's Debt-to-Equity

For the Engineering & Construction subindustry, Tetra Tech'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.


Tetra Tech's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tetra Tech's Debt-to-Equity distribution charts can be found below:

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



Tetra Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tetra Tech's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Tetra Tech's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Tetra Tech  (NAS:TTEK) 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.


Tetra Tech Debt-to-Equity Related Terms

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


Tetra Tech (Tetra Tech) Business Description

Traded in Other Exchanges
Address
3475 East Foothill Boulevard, Pasadena, CA, USA, 91107
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
Executives
Brian N Carter officer: SVP, CORPORATE CONTROLLER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack director, officer: CHAIRMAN AND CEO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins officer: President 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus officer: SVP, Gov't Svcs. Group TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson officer: SVP, GENERAL COUNSEL 3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi director TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick officer: EVP, CFO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya director 130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis director TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi director 3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie officer: SVP, CHIEF ENGINEER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden director 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke officer: SVP, Enterprise Risk Mgmt. 3475 E FOOTHILL BLVD, PASADENA CA 91107