Trecora Resources (Trecora Resources) Debt-to-Equity : 0.24 (As of Mar. 2022)

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What is Trecora Resources Debt-to-Equity?

Trecora Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $7.3 Mil. Trecora Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $40.9 Mil. Trecora Resources's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $199.8 Mil. Trecora Resources's debt to equity for the quarter that ended in Mar. 2022 was 0.24.

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 Trecora Resources's Debt-to-Equity or its related term are showing as below:

TREC's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

Trecora Resources Debt-to-Equity Historical Data

The historical data trend for Trecora Resources'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.

Trecora Resources Debt-to-Equity Chart

Trecora Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.54

0.55

0.57

0.31

0.25

Trecora Resources Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.30	0.28	0.25	0.24

Competitive Comparison of Trecora Resources's Debt-to-Equity

For the Specialty Chemicals subindustry, Trecora Resources'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.

Trecora Resources's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Trecora Resources's Debt-to-Equity distribution charts can be found below:

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

Trecora Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trecora Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(7.421	+	42.63)	/	199.973
	=	0.25

Trecora Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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
	=	(7.279	+	40.86)	/	199.752
	=	0.24

Trecora Resources (NYSE:TREC) 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.

Trecora Resources Debt-to-Equity Related Terms

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

Trecora Resources (Trecora Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trecora Resources (NYSE:TREC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 Highway 6 S, Suite 190, Sugar Land, TX, USA, 77478

Website

https://www.trecora.com

Trecora Resources manufactures specialty petrochemical products and synthetic waxes. Its specialty petrochemical segment includes products such as high purity hydrocarbons, and other petroleum-based products, which include isopentane, normal pentane, isohexane, and hexane. The specialty synthetic waxes segment produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It derives maximum revenue from its specialty petrochemical segment. Geographically, the company operates in the United States.

Executives

Temnein Ventures Iii, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700 NEW YORK NY 10022
Ortelius Advisors, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Peter Desorcy	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Pangaea Ventures, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Rafael Pons	officer: Chief Manufacturing Officer	C/O TRECORA RESOURCES 1650 HWY 6 S SUITE 190 SUGARLAND TX 77478
Michael W Silberman	officer: General Counsel and Secretary	5915 CHARLESTOWN DR DALLAS TX 75230
Patrick D. Quarles	director	C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Nicholas Carter	director, officer: Executive Chairman	7760 ROSEWOOD LUMBERTON TX 77657
Janet Skogan Roemer	director	55 CAMBRIDGE PKWY, 8TH FLOOR CAMBRIDGE MA 01242
Al Athel Fahad Mohammed Saleh	10 percent owner	PO BOX 4900 RIYADH 11412 SAUDI ARABIA
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Joseph Michael Tanner	officer: SVP Commercial	86 POWDER CREEK TRAIL ARDEN NC 28704
Sami Ahmad	officer: CFO	1 DUNNAM LANE HOUSTON TX 77024
John Richard Townsend	officer: Chief Manufacturing Officer	2132 WOODCHASE BLVD BATON ROUGE LA 70808