TGC No 2 PJSC (MIC:TGKB) Debt-to-Equity: 0.28 (As of Jun. 2023)

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What is TGC No 2 PJSC Debt-to-Equity?

TGC No 2 PJSC MIC:TGKB +7.26% Debt-to-Equity is 0.28 as of Jun. 2023.

TGC No 2 PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽7,144 Mil. TGC No 2 PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽4,532 Mil. TGC No 2 PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽41,666 Mil. TGC No 2 PJSC's debt to equity for the quarter that ended in Jun. 2023 was 0.28.

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 TGC No 2 PJSC's Debt-to-Equity or its related term are showing as below:

MIC:TGKB's Debt-to-Equity is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 0.85
* Ranked among companies with meaningful Debt-to-Equity only.

TGC No 2 PJSC  (MIC:TGKB) 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.

TGC No 2 PJSC Debt-to-Equity Related Terms

TGC No 2 PJSC Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for TGC No 2 PJSC'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.

TGC No 2 PJSC Debt-to-Equity Chart

TGC No 2 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 0.99 0.51 0.36 0.33

TGC No 2 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.36 0.36 0.33 0.28

MIC:TGKB vs VST, NRG: Debt-to-Equity Comparison

For the Utilities - Independent Power Producers subindustry, TGC No 2 PJSC'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.

TGC No 2 PJSC Debt-to-Equity vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TGC No 2 PJSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TGC No 2 PJSC's Debt-to-Equity falls into.


TGC No 2 PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGC No 2 PJSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(7911.712 + 4891.875) / 38732.652
=0.33

TGC No 2 PJSC's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(7143.849 + 4531.651) / 41666.259
=0.28

* 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-Equity →
What does a Debt-to-Equity of 0.28 mean?
TGC No 2 PJSC (MIC:TGKB) has a Debt-to-Equity of 0.28 as of Jun. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TGC No 2 PJSC and its competitors.
Is TGC No 2 PJSC's Debt-to-Equity too high?
TGC No 2 PJSC's current Debt-to-Equity is 0.28. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.85. TGC No 2 PJSC's value of 0.28 is 67.1% below this industry median.
How does TGC No 2 PJSC's Debt-to-Equity compare to VST and NRG?
TGC No 2 PJSC's Debt-to-Equity of 0.28 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Debt-to-Equity is 0.85. TGC No 2 PJSC's value of 0.28 is 67.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.85, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TGC No 2 PJSC's current Debt-to-Equity of 0.28 is 67.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TGC No 2 PJSC and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGC No 2 PJSC's current Debt-to-Equity is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current Debt-to-Equity of 0.28. The current Debt-to-Equity is 0.28 and 67.1% below the Utilities - Independent Power Producers industry median of 0.85. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For TGC No 2 PJSC (MIC:TGKB), the current Debt-to-Equity is 0.28 as of Jun. 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.

TGC No 2 PJSC Business Description

Address Pyatnitskaya Street 6, Yaroslavl, RUS, 150003
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).