TGX Energy & Resources (TSXV:TGX) Debt-to-Equity : -1.01 (As of Sep. 2024)

TGX Energy & Resources Debt-to-Equity Chart

TGX Energy & Resources Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity		Get a 7-Day Free Trial					-0.81	-0.91	-1.14	-1.01	-1.01

TGX Energy & Resources 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															-1.01	-1.01	-1.02	-1.01	-1.01

Competitive Comparison of TGX Energy & Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, TGX Energy & Resources'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.

TGX Energy & Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TGX Energy & Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TGX Energy & Resources's Debt-to-Equity falls into.

TGX Energy & Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGX Energy & Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

TGX Energy & Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.

TGX Energy & Resources  (TSXV:TGX) 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.

TGX Energy & Resources Debt-to-Equity Related Terms

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TGX Energy & Resources Business Description