Intertape Polymer Group (Intertape Polymer Group) Debt-to-Equity : 2.36 (As of Mar. 2022)

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What is Intertape Polymer Group Debt-to-Equity?

Intertape Polymer Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $16 Mil. Intertape Polymer Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $638 Mil. Intertape Polymer Group's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $277 Mil. Intertape Polymer Group's debt to equity for the quarter that ended in Mar. 2022 was 2.36.

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 Intertape Polymer Group's Debt-to-Equity or its related term are showing as below:

ITPOF's Debt-to-Equity is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Intertape Polymer Group Debt-to-Equity Historical Data

The historical data trend for Intertape Polymer Group'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.

Intertape Polymer Group Debt-to-Equity Chart

Intertape Polymer Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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1.13

2.00

1.95

1.61

1.64

Intertape Polymer Group 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															1.69	1.80	1.76	1.64	2.36

Competitive Comparison of Intertape Polymer Group's Debt-to-Equity

For the Packaging & Containers subindustry, Intertape Polymer Group'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.

Intertape Polymer Group's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Intertape Polymer Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Intertape Polymer Group's Debt-to-Equity falls into.

Intertape Polymer Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Intertape Polymer Group'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
	=	(18.119	+	537.142)	/	338.161
	=	1.64

Intertape Polymer Group'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
	=	(16.172	+	638.337)	/	277.187
	=	2.36

Intertape Polymer Group (OTCPK:ITPOF) 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.

Intertape Polymer Group Debt-to-Equity Related Terms

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Intertape Polymer Group (Intertape Polymer Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Intertape Polymer Group Inc (OTCPK:ITPOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9999 Cavendish Boulevard, Suite 200, St. Laurent, Montreal, QC, CAN, H4M 2X5

Website

https://www.itape.com

Intertape Polymer Group Inc manufactures and sells a variety of packaging products. The firm's primary product categories include tapes, films, and woven coated fabrics. The company's tapes include pressure-sensitive and water-activated carton sealing tapes, and flatback, duct, double coated, foil, electrical, and filament tapes. Intertape's film products include stretch wrap, shrink film, air pillows used for protective packaging, and packaging machines. The woven coated fabrics include building and construction products and specialty fabrics. The majority of revenue comes from the United States.