GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tel Aviv Stock Exchange Ltd (XTAE:TASE) » Definitions » Debt-to-Equity

Tel Aviv Stock Exchange (XTAE:TASE) Debt-to-Equity : 0.41 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Tel Aviv Stock Exchange Debt-to-Equity?

Tel Aviv Stock Exchange's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪54.7 Mil. Tel Aviv Stock Exchange's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪108.9 Mil. Tel Aviv Stock Exchange's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪401.7 Mil. Tel Aviv Stock Exchange's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Tel Aviv Stock Exchange's Debt-to-Equity or its related term are showing as below:

XTAE:TASE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.41
Current: 0.41

During the past 9 years, the highest Debt-to-Equity Ratio of Tel Aviv Stock Exchange was 0.41. The lowest was 0.02. And the median was 0.04.

XTAE:TASE's Debt-to-Equity is ranked worse than
51.57% of 607 companies
in the Capital Markets industry
Industry Median: 0.38 vs XTAE:TASE: 0.41

Tel Aviv Stock Exchange Debt-to-Equity Historical Data

The historical data trend for Tel Aviv Stock Exchange'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.

Tel Aviv Stock Exchange Debt-to-Equity Chart

Tel Aviv Stock Exchange Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.04 0.02 0.04 0.02 0.41

Tel Aviv Stock Exchange Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.02 0.02 0.02 0.02 0.41

Competitive Comparison of Tel Aviv Stock Exchange's Debt-to-Equity

For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.


Tel Aviv Stock Exchange's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tel Aviv Stock Exchange's Debt-to-Equity falls into.



Tel Aviv Stock Exchange Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tel Aviv Stock Exchange's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Tel Aviv Stock Exchange's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Tel Aviv Stock Exchange  (XTAE:TASE) 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.


Tel Aviv Stock Exchange Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tel Aviv Stock Exchange's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Tel Aviv Stock Exchange (XTAE:TASE) Business Description

Traded in Other Exchanges
Address
2 Ahuzat Bayit Street, Tel Aviv, ISR, 6525216
Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.

Tel Aviv Stock Exchange (XTAE:TASE) Headlines

No Headlines