TSPG (TGI Solar Power Group) Debt-to-Asset : 2.62 (As of Jul. 2023)

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What is TGI Solar Power Group Debt-to-Asset?

TGI Solar Power Group TSPG -3.00% Debt-to-Asset is 2.62 as of Jul. 2023.

TGI Solar Power Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $0.76 Mil. TGI Solar Power Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $0.00 Mil. TGI Solar Power Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jul. 2023 was $0.29 Mil. TGI Solar Power Group's debt to asset for the quarter that ended in Jul. 2023 was 2.62.

TGI Solar Power Group  (OTCPK:TSPG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

TGI Solar Power Group Debt-to-Asset Related Terms

TGI Solar Power Group Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for TGI Solar Power Group's Debt-to-Asset 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.

TGI Solar Power Group Debt-to-Asset Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-Asset
0.00 0.00 14.00 2.54 2.62

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-Asset 0.00 0.00 14.00 2.54 2.62

TSPG vs ASTI, PTOS, GSLR: Debt-to-Asset Comparison

For the Solar subindustry, TGI Solar Power Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

TGI Solar Power Group Debt-to-Asset vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TGI Solar Power Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TGI Solar Power Group's Debt-to-Asset falls into.


TGI Solar Power Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TGI Solar Power Group's Debt-to-Asset for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.764 + 0) / 0.292
=2.62

TGI Solar Power Group's Debt-to-Asset for the quarter that ended in Jul. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.764 + 0) / 0.292
=2.62

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 2.62 mean?
TGI Solar Power Group (TSPG) has a Debt-to-Asset of 2.62 as of Jul. 2023. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's Debt-to-Asset too high?
TGI Solar Power Group's current Debt-to-Asset is 2.62.
How does TGI Solar Power Group's Debt-to-Asset compare to ASTI and PTOS?
TGI Solar Power Group's Debt-to-Asset of 2.62 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Semiconductors company?
A good Debt-to-Asset depends on the Semiconductors industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on TGI Solar Power Group and its competitors. TGI Solar Power Group's current Debt-to-Asset is 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current Debt-to-Asset of 2.62. The current Debt-to-Asset is 2.62. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For TGI Solar Power Group (TSPG), the current Debt-to-Asset is 2.62 as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TGI Solar Power Group Business Description

Address 1801 North East 123rd Street, North Miami, FL, USA, 33181
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.