Tessenderlo Group NV (XBRU:TESB) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Tessenderlo Group NV Debt-to-Equity?

Tessenderlo Group NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €62 Mil. Tessenderlo Group NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €175 Mil. Tessenderlo Group NV's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,931 Mil. Tessenderlo Group NV's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

XBRU:TESB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.46 Max: 0.7
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Tessenderlo Group NV was 0.70. The lowest was 0.12. And the median was 0.46.

XBRU:TESB's Debt-to-Equity is ranked better than
75.45% of 220 companies
in the Agriculture industry
Industry Median: 0.35 vs XBRU:TESB: 0.12

Tessenderlo Group NV Debt-to-Equity Historical Data

The historical data trend for Tessenderlo Group NV'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.

Tessenderlo Group NV Debt-to-Equity Chart

Tessenderlo Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.61

0.50

0.36

0.19

0.12

Tessenderlo Group NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.29	0.19	0.13	0.12

Competitive Comparison of Tessenderlo Group NV's Debt-to-Equity

For the Agricultural Inputs subindustry, Tessenderlo Group NV'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.

Tessenderlo Group NV's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tessenderlo Group NV's Debt-to-Equity distribution charts can be found below:

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

Tessenderlo Group NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tessenderlo Group NV'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
	=	(61.6	+	175.3)	/	1930.9
	=	0.12

Tessenderlo Group NV'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
	=	(61.6	+	175.3)	/	1930.9
	=	0.12

Tessenderlo Group NV (XBRU:TESB) 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.

Tessenderlo Group NV Debt-to-Equity Related Terms

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Tessenderlo Group NV (XBRU:TESB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tessenderlo Group NV (XBRU:TESB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0KCP:UK TEZ:Germany

Address

Troonstraat 130 Rue du Trone, Brussels, BEL, 1050

Website

https://www.tessenderlo.com

Tessenderlo Group NV is a diversified international agricultural and industrial company. The firm produces and sells products across four segments: Agro, Industrial Solutions, Bio-Valorization, and T-Power. The majority of its revenue comes from the Agro segment, which produces and sells liquid crop fertilizers, potassium sulfate, and crop protection products to the agriculture industry. The Industrial Solutions segment produces and sells plastic pipe systems, water treatment chemicals, and other industrial products. The Bio-Valorization segment processes animal by-products into gelatins for customers in the food, pharmaceutical, health, and nutrition industries. The company's revenue is generated in the United States.

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