TFI International (TFI International) Debt-to-Equity : 0.91 (As of Dec. 2023)

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What is TFI International Debt-to-Equity?

TFI International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $302 Mil. TFI International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,043 Mil. TFI International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,591 Mil. TFI International's debt to equity for the quarter that ended in Dec. 2023 was 0.90.

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 TFI International's Debt-to-Equity or its related term are showing as below:

TFII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.04 Max: 1.6
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of TFI International was 1.60. The lowest was 0.69. And the median was 1.04.

TFII's Debt-to-Equity is ranked worse than
65.54% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs TFII: 0.91

TFI International Debt-to-Equity Historical Data

The historical data trend for TFI International'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.

TFI International Debt-to-Equity Chart

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.47

0.69

0.88

0.70

0.91

TFI International 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															0.70	0.67	0.68	0.77	0.91

Competitive Comparison of TFI International's Debt-to-Equity

For the Trucking subindustry, TFI International'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.

TFI International's Debt-to-Equity Distribution in the Transportation Industry

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

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

TFI International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TFI International'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
	=	(301.748	+	2042.592)	/	2591.41
	=	0.90

TFI International'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
	=	(301.748	+	2042.592)	/	2591.41
	=	0.90

TFI International (NYSE:TFII) 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.

TFI International Debt-to-Equity Related Terms

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TFI International (TFI International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (NYSE:TFII) » Definitions » Debt-to-Equity

Comparable Companies

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TFII:Canada

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.