Tess Holdings Co (Tess Holdings Co) Debt-to-Equity : 1.41 (As of Dec. 2023)

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What is Tess Holdings Co Debt-to-Equity?

Tess Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $107.83 Mil. Tess Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $300.71 Mil. Tess Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $290.27 Mil. Tess Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

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 Tess Holdings Co's Debt-to-Equity or its related term are showing as below:

TSSHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.4 Med: 2.42 Max: 8.37
Current: 1.41

During the past 5 years, the highest Debt-to-Equity Ratio of Tess Holdings Co was 8.37. The lowest was 1.40. And the median was 2.42.

TSSHF's Debt-to-Equity is ranked worse than
65.47% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs TSSHF: 1.41

Tess Holdings Co Debt-to-Equity Historical Data

The historical data trend for Tess Holdings Co'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.

Tess Holdings Co Debt-to-Equity Chart

Tess Holdings Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

6.07

8.37

3.10

2.42

2.05

Tess Holdings Co Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										2.52	2.35	2.05	1.40	1.41

Competitive Comparison of Tess Holdings Co's Debt-to-Equity

For the Utilities - Renewable subindustry, Tess Holdings Co'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.

Tess Holdings Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tess Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Tess Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tess Holdings Co's Debt to Equity Ratio for the fiscal year 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
	=	(100.942	+	308.769)	/	199.819
	=	2.05

Tess Holdings Co's Debt to Equity Ratio for the quarter 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
	=	(107.833	+	300.705)	/	290.273
	=	1.41

Tess Holdings Co (OTCPK:TSSHF) 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.

Tess Holdings Co Debt-to-Equity Related Terms

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Tess Holdings Co (Tess Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tess Holdings Co Ltd (OTCPK:TSSHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5074:Japan

Address

6-1-1 Nishinakajima, Yodogawa-ku, Shin-Osaka Prime Tower, Osaka, JPN, 532-0011

Website

https://www.tess-hd.co.jp

Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.

Tess Holdings Co (Tess Holdings Co) Headlines

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