Taqa Morocco (CAS:TQM) Debt-to-Equity : 1.45 (As of Jun. 2023)

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What is Taqa Morocco Debt-to-Equity?

Taqa Morocco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD0 Mil. Taqa Morocco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD8,471 Mil. Taqa Morocco's Total Stockholders Equity for the quarter that ended in Jun. 2023 was MAD5,858 Mil. Taqa Morocco's debt to equity for the quarter that ended in Jun. 2023 was 1.45.

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 Taqa Morocco's Debt-to-Equity or its related term are showing as below:

CAS:TQM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.45 Med: 2.19 Max: 3.63
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Taqa Morocco was 3.63. The lowest was 1.45. And the median was 2.19.

CAS:TQM's Debt-to-Equity is ranked worse than
65.81% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs CAS:TQM: 1.45

Taqa Morocco Debt-to-Equity Historical Data

The historical data trend for Taqa Morocco'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.

Taqa Morocco Debt-to-Equity Chart

Taqa Morocco Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

2.13

1.83

1.94

1.68

1.60

Taqa Morocco Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.96	1.68	1.68	1.60	1.45

Competitive Comparison of Taqa Morocco's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.

Taqa Morocco's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Taqa Morocco's Debt-to-Equity falls into.

Taqa Morocco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taqa Morocco's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(875	+	9090.169)	/	6225.893
	=	1.60

Taqa Morocco's Debt to Equity Ratio for the quarter 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
	=	(0	+	8470.619)	/	5858.358
	=	1.45

Taqa Morocco (CAS:TQM) 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.

Taqa Morocco Debt-to-Equity Related Terms

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Taqa Morocco (CAS:TQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taqa Morocco SA (CAS:TQM) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR

Website

https://www.taqamorocco.ma

Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.

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