Tallgrass Energy (FRA:TGV) Debt-to-Equity : 4.28 (As of Dec. 2012)

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What is Tallgrass Energy Debt-to-Equity?

Tallgrass Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €13.13 Mil. Tallgrass Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €0.00 Mil. Tallgrass Energy's Total Stockholders Equity for the quarter that ended in Dec. 2012 was €3.07 Mil. Tallgrass Energy's debt to equity for the quarter that ended in Dec. 2012 was 4.28.

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 Tallgrass Energy's Debt-to-Equity or its related term are showing as below:

FRA:TGV's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Tallgrass Energy Debt-to-Equity Historical Data

The historical data trend for Tallgrass Energy'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.

Tallgrass Energy Debt-to-Equity Chart

Tallgrass Energy Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-Equity

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0.19

0.85

4.28

Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Debt-to-Equity	Get a 7-Day Free Trial				0.19	-	-	0.85	4.28

Competitive Comparison of Tallgrass Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Tallgrass Energy'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.

Tallgrass Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tallgrass Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tallgrass Energy's Debt-to-Equity falls into.

Tallgrass Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tallgrass Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2012 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
	=	(13.126	+	0)	/	3.067
	=	4.28

Tallgrass Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2012 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
	=	(13.126	+	0)	/	3.067
	=	4.28

Tallgrass Energy (FRA:TGV) 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.

Tallgrass Energy Debt-to-Equity Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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