Tornado Global Hydrovacs (FRA:2FT) Debt-to-Equity : 0.18 (As of Jun. 2024)

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What is Tornado Global Hydrovacs Debt-to-Equity?

Tornado Global Hydrovacs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.32 Mil. Tornado Global Hydrovacs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €3.32 Mil. Tornado Global Hydrovacs's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €20.53 Mil. Tornado Global Hydrovacs's debt to equity for the quarter that ended in Jun. 2024 was 0.18.

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 Tornado Global Hydrovacs's Debt-to-Equity or its related term are showing as below:

FRA:2FT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.63
Current: 0.18

During the past 9 years, the highest Debt-to-Equity Ratio of Tornado Global Hydrovacs was 0.63. The lowest was 0.01. And the median was 0.25.

FRA:2FT's Debt-to-Equity is ranked better than
73.51% of 185 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.37 vs FRA:2FT: 0.18

Tornado Global Hydrovacs Debt-to-Equity Historical Data

The historical data trend for Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs Debt-to-Equity Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.56

0.49

0.63

0.33

Tornado Global Hydrovacs Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.58	0.52	0.33	0.18	0.18

Competitive Comparison of Tornado Global Hydrovacs's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tornado Global Hydrovacs's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tornado Global Hydrovacs's Debt-to-Equity falls into.

Tornado Global Hydrovacs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tornado Global Hydrovacs'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
	=	(2.297	+	3.112)	/	16.638
	=	0.33

Tornado Global Hydrovacs's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.315	+	3.315)	/	20.528
	=	0.18

Tornado Global Hydrovacs (FRA:2FT) 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.

Tornado Global Hydrovacs Debt-to-Equity Related Terms

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

Tornado Global Hydrovacs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (FRA:2FT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TGHLF:USA 2FT:Germany TGH:Canada

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydro vac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

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