Textainer Group Holdings (Textainer Group Holdings) Debt-to-Equity : 2.52 (As of Dec. 2023)

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What is Textainer Group Holdings Debt-to-Equity?

Textainer Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $354.7 Mil. Textainer Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,639.2 Mil. Textainer Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,981.4 Mil. Textainer Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.52.

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

TGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.5 Med: 2.73 Max: 3.27
Current: 2.52

During the past 13 years, the highest Debt-to-Equity Ratio of Textainer Group Holdings was 3.27. The lowest was 2.50. And the median was 2.73.

TGH's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.395 vs TGH: 2.52

Textainer Group Holdings Debt-to-Equity Historical Data

The historical data trend for Textainer Group Holdings'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.

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Textainer Group Holdings Debt-to-Equity Chart

Textainer Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.02

3.27

3.00

2.76

2.52

Textainer Group Holdings 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															2.76	2.72	2.64	2.56	2.52

Competitive Comparison of Textainer Group Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, Textainer Group Holdings'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.

Textainer Group Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Textainer Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Textainer Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Textainer Group Holdings'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
	=	(354.65	+	4639.155)	/	1981.35
	=	2.52

Textainer Group Holdings'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
	=	(354.65	+	4639.155)	/	1981.35
	=	2.52

Textainer Group Holdings (NYSE:TGH) 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.

Textainer Group Holdings Debt-to-Equity Related Terms

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Textainer Group Holdings (Textainer Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Textainer Group Holdings Ltd (NYSE:TGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TXT:South Africa TGHpB.PFD:USA TGHpA.PFD:USA 3T7:Germany

Address

16 Par-La-Ville Road, Century House, Hamilton, BMU, HM 08

Website

https://www.textainer.com

Textainer Group Holdings Ltd is an intermodal container leasing company providing customers globally, including international shipping lines and other leases. The company's operating segments are Container Ownership, Container Management, and Container Resale. Its geographical segments are Asia, Europe, North/South America, and other international countries. Textainer generates the majority of its revenue from lease rental income.