TBI (TrueBlue) Debt-to-Equity : 0.19 (As of Sep. 2024)

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What is TrueBlue Debt-to-Equity?

TrueBlue's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $12 Mil. TrueBlue's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $51 Mil. TrueBlue's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $327 Mil. TrueBlue's debt to equity for the quarter that ended in Sep. 2024 was 0.19.

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

TBI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.81
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of TrueBlue was 0.81. The lowest was 0.10. And the median was 0.15.

TBI's Debt-to-Equity is ranked better than
65.54% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs TBI: 0.19

TrueBlue Debt-to-Equity Historical Data

The historical data trend for TrueBlue'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.

TrueBlue Debt-to-Equity Chart

TrueBlue Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.16

0.14

0.13

TrueBlue Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.13	0.14	0.18	0.19

Competitive Comparison of TrueBlue's Debt-to-Equity

For the Staffing & Employment Services subindustry, TrueBlue'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.

TrueBlue's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TrueBlue's Debt-to-Equity distribution charts can be found below:

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

TrueBlue Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TrueBlue's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(11.902	+	49.434)	/	457.873
	=	0.13

TrueBlue's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(11.856	+	51.421)	/	327.152
	=	0.19

TrueBlue (NYSE:TBI) 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.

TrueBlue Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of TrueBlue's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

TrueBlue Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TrueBlue Inc (NYSE:TBI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 A Street, Tacoma, WA, USA, 98402

Website

https://www.trueblue.com

TrueBlue Inc is a provider of staffing and workforce management solutions. Its reportable segments include PeopleReady offers industrial staffing services. PeopleManagement offers contingent and productivity-based on-site industrial staffing services and PeopleScout offers recruitment process outsourcing, talent advisory services, and managed service provider services. It generates maximum revenue from the PeopleReady segment.

Executives

Kim Harris Jones	director	THREE LAKES DRIVE, NORTHFIELD IL 60093
Sonita Lontoh	director	C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Robert C. Kreidler	director	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Richard P. Betori	officer: EVP; President - PeopleScout	1015 A STREET, TACOMA WA 98402
Taryn R Owen	officer: EVP,President - PeopleScout	1015 A ST, TACOMA WA 98402
Kristi A Savacool	director	100 HALF DAY ROAD, LINCOLNSHIRE IL 60069
Paul G Reitz	director	1301 FIRST AVENUE, COLUMBUS GA 31901
Carl Schweihs	officer: EVP, President - PeopleMgmt	1015 A STREET, TACOMA WA 98402
Kristy A. Fitzsimmons-willis	officer: EVP; President - PeopleReady	1015 A STREET, TACOMA WA 98402
Garrett Ferencz	officer: EVP, Chief Legal Officer	1015 A STREET, TACOMA WA 98402
William C. Goings	director	1015 A ST, TACOMA WA 98402
Derrek Lane Gafford	officer: EVP and CFO	1015 A STREET, P.O. BOX 2910, TACOMA WA 98402
Richard Christensen	officer: SVP, Chief Accounting Officer	1015 A STREET, TACOMA WA 98402
Steven C Cooper	director	PO BOX 2910, TACOMA WA 98401-2910
A. Patrick Beharelle	officer: CEO	1015 A STREET, TACOMA WA 98402