Turning Point Brands (Turning Point Brands) Debt-to-Equity : 2.50 (As of Dec. 2023)

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What is Turning Point Brands Debt-to-Equity?

Turning Point Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $61.0 Mil. Turning Point Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $317.0 Mil. Turning Point Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $151.0 Mil. Turning Point Brands's debt to equity for the quarter that ended in Dec. 2023 was 2.50.

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 Turning Point Brands's Debt-to-Equity or its related term are showing as below:

TPB' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.58 Med: 2.87 Max: 6.41
Current: 2.5

During the past 11 years, the highest Debt-to-Equity Ratio of Turning Point Brands was 6.41. The lowest was -3.58. And the median was 2.87.

TPB's Debt-to-Equity is ranked worse than
91.89% of 37 companies
in the Tobacco Products industry
Industry Median: 0.3 vs TPB: 2.50

Turning Point Brands Debt-to-Equity Historical Data

The historical data trend for Turning Point Brands'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.

Turning Point Brands Debt-to-Equity Chart

Turning Point Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.79

2.94

3.28

3.77

2.50

Turning Point Brands 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															3.77	3.43	3.06	2.72	2.50

Competitive Comparison of Turning Point Brands's Debt-to-Equity

For the Tobacco subindustry, Turning Point Brands'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.

Turning Point Brands's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turning Point Brands's Debt-to-Equity falls into.

Turning Point Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turning Point Brands'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
	=	(60.972	+	317.014)	/	150.976
	=	2.50

Turning Point Brands'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
	=	(60.972	+	317.014)	/	150.976
	=	2.50

Turning Point Brands (NYSE:TPB) 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.

Turning Point Brands Debt-to-Equity Related Terms

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

Turning Point Brands (Turning Point Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (NYSE:TPB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0T5:Germany

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

Executives

Stephen Usher	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek	director, officer: Executive Chairman	767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy	officer: President & CEO	12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman	officer: Sr VP, General Counsel	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina	officer: Sr VP, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold	director	925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier	director	C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Lawrence Wexler	director, officer: President and CEO	393 CARTER STREET, NEW CANAAN CT 06840
Standard Diversified Inc.	10 percent owner	767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Robert M. Lavan	officer: SVP and CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229