TGC No 2 PJSC (MIC:TGKB) Debt-to-Equity : 0.28 (As of Jun. 2023)

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What is TGC No 2 PJSC Debt-to-Equity?

TGC No 2 PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽7,144 Mil. TGC No 2 PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽4,532 Mil. TGC No 2 PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽41,666 Mil. TGC No 2 PJSC's debt to equity for the quarter that ended in Jun. 2023 was 0.28.

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 TGC No 2 PJSC's Debt-to-Equity or its related term are showing as below:

MIC:TGKB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 1.04 Max: 1.61
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of TGC No 2 PJSC was 1.61. The lowest was 0.28. And the median was 1.04.

MIC:TGKB's Debt-to-Equity is ranked better than
77.61% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.78 vs MIC:TGKB: 0.28

TGC No 2 PJSC Debt-to-Equity Historical Data

The historical data trend for TGC No 2 PJSC'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.

TGC No 2 PJSC Debt-to-Equity Chart

TGC No 2 PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.61

0.99

0.51

0.36

0.33

TGC No 2 PJSC 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															0.44	0.36	0.36	0.33	0.28

Competitive Comparison of TGC No 2 PJSC's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, TGC No 2 PJSC'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.

TGC No 2 PJSC's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TGC No 2 PJSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TGC No 2 PJSC's Debt-to-Equity falls into.

TGC No 2 PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGC No 2 PJSC'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
	=	(7911.712	+	4891.875)	/	38732.652
	=	0.33

TGC No 2 PJSC'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
	=	(7143.849	+	4531.651)	/	41666.259
	=	0.28

TGC No 2 PJSC (MIC:TGKB) 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.

TGC No 2 PJSC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of TGC No 2 PJSC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

TGC No 2 PJSC (MIC:TGKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TGC No 2 PJSC (MIC:TGKB) » Definitions » Debt-to-Equity

Traded in Other Exchanges

TGKBP:Russia

Address

Prospekt Oktyabrya, 42, Yaroslavl, RUS, 150040

Website

http://www.tgc-2.ru

TGC No 2 PJSC is heat and power generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod and Yaroslavl regions of Russia, and in Skopje (Macedonia).

TGC No 2 PJSC (MIC:TGKB) Headlines

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