Tekmar Group (LSE:TGP) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Tekmar Group Debt-to-Equity?

Tekmar Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £6.62 Mil. Tekmar Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.72 Mil. Tekmar Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £51.58 Mil. Tekmar Group's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

LSE:TGP' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.07 Med: 0.05 Max: 0.23
Current: 0.14

During the past 8 years, the highest Debt-to-Equity Ratio of Tekmar Group was 0.23. The lowest was -4.07. And the median was 0.05.

LSE:TGP's Debt-to-Equity is ranked better than
74.47% of 1516 companies
in the Construction industry
Industry Median: 0.44 vs LSE:TGP: 0.14

Tekmar Group Debt-to-Equity Historical Data

The historical data trend for Tekmar Group'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.

Tekmar Group Debt-to-Equity Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Debt-to-Equity

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-3.31

0.02

0.19

0.23

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.14	0.19	0.22	0.23	0.14

Competitive Comparison of Tekmar Group's Debt-to-Equity

For the Engineering & Construction subindustry, Tekmar Group'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.

Tekmar Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekmar Group's Debt-to-Equity distribution charts can be found below:

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

Tekmar Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tekmar Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(7.046	+	0.834)	/	34.653
	=	0.23

Tekmar Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(6.616	+	0.719)	/	51.581
	=	0.14

Tekmar Group (LSE:TGP) 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.

Tekmar Group Debt-to-Equity Related Terms

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Tekmar Group (LSE:TGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekmar Group PLC (LSE:TGP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.