Top Gum Industries (XTAE:TPGM) Debt-to-Equity : 0.48 (As of Sep. 2024)

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What is Top Gum Industries Debt-to-Equity?

Top Gum Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₪40.2 Mil. Top Gum Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₪80.7 Mil. Top Gum Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₪251.8 Mil. Top Gum Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.48.

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 Top Gum Industries's Debt-to-Equity or its related term are showing as below:

XTAE:TPGM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 12.23
Current: 0.48

During the past 6 years, the highest Debt-to-Equity Ratio of Top Gum Industries was 12.23. The lowest was 0.04. And the median was 0.39.

XTAE:TPGM's Debt-to-Equity is ranked worse than
55.37% of 1656 companies
in the Consumer Packaged Goods industry
Industry Median: 0.395 vs XTAE:TPGM: 0.48

Top Gum Industries Debt-to-Equity Historical Data

The historical data trend for Top Gum Industries'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.

Top Gum Industries Debt-to-Equity Chart

Top Gum Industries Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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12.22

0.58

0.05

0.17

0.37

Top Gum Industries Quarterly Data
	Dec18	Dec19	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													0.74	0.37	0.41	0.41	0.48

Competitive Comparison of Top Gum Industries's Debt-to-Equity

For the Confectioners subindustry, Top Gum Industries'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.

Top Gum Industries's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Top Gum Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Top Gum Industries's Debt-to-Equity falls into.

Top Gum Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Top Gum Industries's Debt to Equity Ratio for the fiscal year 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
	=	(4.232	+	85.2)	/	241.184
	=	0.37

Top Gum Industries's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(40.206	+	80.661)	/	251.772
	=	0.48

Top Gum Industries (XTAE:TPGM) 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.

Top Gum Industries Debt-to-Equity Related Terms

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

Top Gum Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Top Gum Industries Ltd (XTAE:TPGM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prague 2, Sderot, ISR, 8714409

Website

https://www.topgummiceuticals.com

Top Gum Industries Ltd is engaged in the development and sale of nutritional supplements and confectionery products.

Top Gum Industries Headlines

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