TSPG (TGI Solar Power Group) Debt-to-EBITDA : -18.63 (As of Jul. 2023)

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

TGI Solar Power Group TSPG -4.76% Debt-to-EBITDA is -18.63 as of Jul. 2023.

Debt-to-EBITDA measures a company's ability to pay off its debt.

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 annualized EBITDA for the quarter that ended in Jul. 2023 was $-0.04 Mil. TGI Solar Power Group's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2023 was -18.63.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for TGI Solar Power Group's Debt-to-EBITDA or its related term are showing as below:

TSPG's Debt-to-EBITDA is not ranked *
in the Semiconductors industry.
Industry Median: 1.415
* Ranked among companies with meaningful Debt-to-EBITDA only.

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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

TGI Solar Power Group Debt-to-EBITDA Related Terms

TGI Solar Power Group Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TGI Solar Power Group's Debt-to-EBITDA 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-EBITDA Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-EBITDA
0.00 0.00 -0.06 -10.53 -18.63

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-EBITDA 0.00 0.00 -0.06 -10.53 -18.63

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

For the Solar subindustry, TGI Solar Power Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA vs Semiconductors Industry

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

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


TGI Solar Power Group Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.764 + 0) / -0.041
=-18.63

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.764 + 0) / -0.041
=-18.63

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is one times the quarterly (Jul. 2023) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -18.63 mean?
TGI Solar Power Group (TSPG) has a Debt-to-EBITDA of -18.63 as of Jul. 2023. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TGI Solar Power Group.
Is TGI Solar Power Group's Debt-to-EBITDA too high?
TGI Solar Power Group's current Debt-to-EBITDA is -18.63.
How does TGI Solar Power Group's Debt-to-EBITDA compare to ASTI and PTOS?
TGI Solar Power Group's Debt-to-EBITDA of -18.63 can be compared against companies in the Semiconductors industry. The industry median Debt-to-EBITDA is 1.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.42, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA 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-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TGI Solar Power Group. For the Semiconductors industry, the median Debt-to-EBITDA is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current Debt-to-EBITDA is -18.63. 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-EBITDA of -18.63. The current Debt-to-EBITDA is -18.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For TGI Solar Power Group (TSPG), the current Debt-to-EBITDA is -18.63 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.