TGI Solar Power Group (TGI Solar Power Group) Debt-to-Equity : -1.07 (As of Jul. 2023)

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

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 Total Stockholders Equity for the quarter that ended in Jul. 2023 was $-0.72 Mil. TGI Solar Power Group's debt to equity for the quarter that ended in Jul. 2023 was -1.07.

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

TSPG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.14 Med: -1.07 Max: -0.16
Current: -1.07

During the past 5 years, the highest Debt-to-Equity Ratio of TGI Solar Power Group was -0.16. The lowest was -1.14. And the median was -1.07.

TSPG's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.27 vs TSPG: -1.07

TGI Solar Power Group Debt-to-Equity Historical Data

The historical data trend for TGI Solar Power 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.

TGI Solar Power Group Debt-to-Equity Chart

TGI Solar Power Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul22

Jul23

Debt-to-Equity

-0.16

-1.14

-1.07

TGI Solar Power Group Semi-Annual Data
	Jul15	Jul16	Jul17	Jul22	Jul23
Debt-to-Equity	-	-	-0.16	-1.14	-1.07

Competitive Comparison of TGI Solar Power Group's Debt-to-Equity

For the Solar subindustry, TGI Solar Power 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.

TGI Solar Power Group's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

TGI Solar Power Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGI Solar Power Group's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.764	+	0)	/	-0.717
	=	-1.07

TGI Solar Power Group's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.764	+	0)	/	-0.717
	=	-1.07

TGI Solar Power Group (OTCPK:TSPG) 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.

TGI Solar Power Group Debt-to-Equity Related Terms

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TGI Solar Power Group (TGI Solar Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TGI Solar Power Group Inc (OTCPK:TSPG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1801 North East 123rd Street, North Miami, FL, USA, 33181

Website

https://www.tgipower.com

TGI Solar Power Group Inc is engaged in the business of providing potential alternative energy solutions to residential and business customers. The company offers services such as Management Consulting, Project Management, International Business Development, Strategic Alliances, New Technology Incubator, Smart Sustainable City Development & Many More.

Executives

R Paul Gray	director, 10 percent owner, officer: Executive VP of Business Dev.	C/O UNITED THERAPEUTICS CORP, 1110 SPRING STREET, SILVER SPRINGS MD 20910
David A Dedman	director	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Neil Booth Strodel	director	6 TEASEL LANE, SKANEATELES NY 13152
Wisneski John Thomas Jr	director	2706 CLEARVIEW ROAD, ALLISON PARK PA 15101
Matthew Freeman Taylor	director, other: Self	839 SOUTHRIDGE GREENS BLVD, FORT COLLINS CO 80525
Sequence Holdings Llc	10 percent owner	192 EAST BAY STREET, SUITE 300, CHARLESTON SC 29401
Linda Joy Putnam	officer: Vice President and CFO	141 HERNDON MILL CIRCLE, HERNDON VA 20170
Core Concepts, Llc	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Timothy S Novak	director, 10 percent owner, other: * See Remarks	8374 MARKET ST, STE 439, BRADENTON FL 34202
Tenthgate, Inc.	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147