TSPG (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 TSPG +10.00% Debt-to-Equity is -1.07 as of Jul. 2023.

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 is not ranked *
in the Semiconductors industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

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

TGI Solar Power Group Debt-to-Equity Historical Data

* Premium members only.

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.

TGI Solar Power Group Debt-to-Equity Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-Equity
0.00 0.00 -0.16 -1.14 -1.07

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Debt-to-Equity 0.00 0.00 -0.16 -1.14 -1.07

TSPG vs ASTI, PTOS, GSLR: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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

* 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 -1.07 mean?
TGI Solar Power Group (TSPG) has a Debt-to-Equity of -1.07 as of Jul. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's Debt-to-Equity too high?
TGI Solar Power Group's current Debt-to-Equity is -1.07.
How does TGI Solar Power Group's Debt-to-Equity compare to ASTI and PTOS?
TGI Solar Power Group's Debt-to-Equity of -1.07 can be compared against companies in the Semiconductors industry. The industry median Debt-to-Equity is 0.26. 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 a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 905 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. 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 TGI Solar Power Group and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current Debt-to-Equity is -1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current Debt-to-Equity of -1.07. The current Debt-to-Equity is -1.07. 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 TGI Solar Power Group (TSPG), the current Debt-to-Equity is -1.07 as of Jul. 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.

TGI Solar Power Group Business Description

Address 1801 North East 123rd Street, North Miami, FL, USA, 33181
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.