Trex Co (Trex Co) Debt-to-Equity

: 0.05 (As of Dec. 2023)

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Trex Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13 Mil. Trex Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19 Mil. Trex Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $717 Mil. Trex Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Trex Co's Debt-to-Equity or its related term are showing as below:

TREX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.06 Max: 0.49
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Trex Co was 0.49. The lowest was 0.05. And the median was 0.06.

TREX's Debt-to-Equity is ranked better than
88.76% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs TREX: 0.05

Trex Co Debt-to-Equity Historical Data

The historical data trend for Trex Co'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.

Trex Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.09

0.06

0.05

0.49

0.05

Trex Co 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																0.49	0.72	0.38	0.12	0.05

Competitive Comparison

For the Building Products & Equipment subindustry, Trex Co'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.

Trex Co Debt-to-Equity Distribution

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

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

Trex Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trex Co'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
	=	(13.163	+	18.84)	/	716.671
	=	0.04

Trex Co'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
	=	(13.163	+	18.84)	/	716.671
	=	0.04

Trex Co (NYSE:TREX) 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.

Trex Co Debt-to-Equity Related Terms

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Trex Co (Trex Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trex Co Inc (NYSE:TREX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TREX1:Mexico TRR:Germany

Address

160 Exeter Drive, Winchester, VA, USA, 22603-8605

Website

https://www.trex.com

Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in two reportable segments Trex Residential and Trex Commercial. The majority of revenue is derived from the Trex Residential segment.

Executives

Brenda Lovcik	officer: SVP, Chief Financial Officer	2500 TREX WAY, C/O TREX COMPANY, INC., WINCHESTER VA 22601
Amy M. Fernandez	officer: VP, GC and Secretary	2500 TREX WAY, WINCHESTER VA 22601
Melkeya Mcduffie	director	C/O CLEAN HARBORS INC., 42 LONGWATER DRIVE, NORWELL MA 02061
Michael F Golden	director	2100 ROOSEVELT AVENUE, SPRINGFIELD MA 01104
Bryan Horix Fairbanks	officer: VP and CFO	160 EXETER DRIVE, WINCHESTER VA 22603
Adam Dante Zambanini	officer: Vice President, Marketing	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
William R. Gupp	officer: V.P. & General Counsel	C/O TREX COMPANY, 160 EXETER DRIVE, WINCHESTER VA 22603
Dennis Charles Schemm	officer: VP and Chief Financial Officer	CONTINENTAL BUILDING PRODUCTS, 12950 WORLDGATE DRIVE, HERNDON VA 20170
Richard E Posey	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Patricia B Robinson	director
James E Cline	officer: Vice President and CFO	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Jay M Gratz	director	RYERSON INC, 2621 W 15TH PLACE, CHICAGO IL 60608
Gena C Lovett	director	11324 FOX CREEK FARM WAY, GREAT FALLS VA 22066
Christopher Paul Gerhard	officer: Vice President, Sales	160 EXETER DRIVE, WINCHESTER VA 22603
Kristine L Juster	director	1600 ROYAL ST, JASPER IN 47549