Tigo Energy (Tigo Energy) Debt-to-Equity : 0.54 (As of Dec. 2023)

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What is Tigo Energy Debt-to-Equity?

Tigo Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.2 Mil. Tigo Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.0 Mil. Tigo Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $62.8 Mil. Tigo Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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

TYGO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.4 Med: -0.19 Max: 0.54
Current: 0.54

During the past 3 years, the highest Debt-to-Equity Ratio of Tigo Energy was 0.54. The lowest was -0.40. And the median was -0.19.

TYGO's Debt-to-Equity is ranked worse than
70.78% of 876 companies
in the Semiconductors industry
Industry Median: 0.27 vs TYGO: 0.54

Tigo Energy Debt-to-Equity Historical Data

The historical data trend for Tigo 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.

* Premium members only.

Tigo Energy Debt-to-Equity Chart

Tigo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.19

-0.40

0.54

Tigo Energy Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-0.40	-1.36	0.99	0.42	0.54

Competitive Comparison of Tigo Energy's Debt-to-Equity

For the Solar subindustry, Tigo 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.

Tigo Energy's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tigo Energy's Debt-to-Equity distribution charts can be found below:

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

Tigo Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tigo Energy'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
	=	(1.192	+	32.962)	/	62.824
	=	0.54

Tigo Energy's Debt to Equity Ratio for the quarter 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
	=	(1.192	+	32.962)	/	62.824
	=	0.54

Tigo Energy (NAS:TYGO) 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.

Tigo Energy Debt-to-Equity Related Terms

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

Tigo Energy (Tigo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tigo Energy Inc (NAS:TYGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008

Website

https://www.tigoenergy.com

Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.

Executives

Zvi Alon	director, officer: Chief Executive Officer	10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley	director	3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd.	10 percent owner, other: See Remarks	1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan	officer: Chief Operating Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson	director	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc	10 percent owner	27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp	10 percent owner, other: See Remarks	1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon	officer: Chief Marketing Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian	officer: Chief Growth Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai	director	655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc	10 percent owner	222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402