TXGE (Texas Gulf Energy) Debt-to-Equity: -3.57 (As of Sep. 2014)

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What is Texas Gulf Energy Debt-to-Equity?

Texas Gulf Energy TXGE Debt-to-Equity is -3.57 as of Sep. 2014.

Texas Gulf Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.69 Mil. Texas Gulf Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.00 Mil. Texas Gulf Energy's Total Stockholders Equity for the quarter that ended in Sep. 2014 was $-0.19 Mil. Texas Gulf Energy's debt to equity for the quarter that ended in Sep. 2014 was -3.57.

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 Texas Gulf Energy's Debt-to-Equity or its related term are showing as below:

TXGE's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Texas Gulf Energy  (OTCPK:TXGE) 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.

Texas Gulf Energy Debt-to-Equity Related Terms

Texas Gulf Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Texas Gulf Energy'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.

Texas Gulf Energy Debt-to-Equity Chart

Texas Gulf Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Debt-to-Equity
Get a 7-Day Free Trial 0.00 -0.03 0.00 1.27 1.77

Texas Gulf Energy Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.77 1.13 -44.13 -3.57

TXGE vs BMMCF, ESES, BRSWQ: Debt-to-Equity Comparison

For the Oil & Gas Equipment & Services subindustry, Texas Gulf Energy'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.

Texas Gulf Energy Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Gulf Energy's Debt-to-Equity distribution charts can be found below:

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


Texas Gulf Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Texas Gulf Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
=(1.109 + 0.586) / 0.958
=1.77

Texas Gulf Energy's Debt to Equity Ratio for the quarter that ended in Sep. 2014 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
=(0.689 + 0) / -0.193
=-3.57

* 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 -3.57 mean?
Texas Gulf Energy (TXGE) has a Debt-to-Equity of -3.57 as of Sep. 2014. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Texas Gulf Energy and its competitors.
Is Texas Gulf Energy's Debt-to-Equity too high?
Texas Gulf Energy's current Debt-to-Equity is -3.57.
How does Texas Gulf Energy's Debt-to-Equity compare to BMMCF and ESES?
Texas Gulf Energy's Debt-to-Equity of -3.57 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 810 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 Texas Gulf Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Gulf Energy's current Debt-to-Equity is -3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Gulf Energy stock overvalued right now?
Texas Gulf Energy (TXGE) has a current Debt-to-Equity of -3.57. The current Debt-to-Equity is -3.57. 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 Texas Gulf Energy (TXGE), the current Debt-to-Equity is -3.57 as of Sep. 2014. 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.

Texas Gulf Energy Business Description

Industry EnergyOil & Gas
Address 1602 Old Underwood Road, La Porte, TX, USA, 77571
Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.