Traeger (Traeger) Debt-to-Equity : 1.57 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Traeger Debt-to-Equity?

Traeger's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32.3 Mil. Traeger's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $426.4 Mil. Traeger's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $291.3 Mil. Traeger's debt to equity for the quarter that ended in Dec. 2023 was 1.57.

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

COOK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.04 Max: 1.57
Current: 1.57

During the past 5 years, the highest Debt-to-Equity Ratio of Traeger was 1.57. The lowest was 0.69. And the median was 1.04.

COOK's Debt-to-Equity is ranked worse than
92.17% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs COOK: 1.57

Traeger Debt-to-Equity Historical Data

The historical data trend for Traeger'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.

Traeger Debt-to-Equity Chart

Traeger Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.04

0.92

0.69

1.48

1.57

Traeger Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												1.48	1.51	1.37	1.39	1.57

Competitive Comparison of Traeger's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Traeger'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.

Traeger's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Traeger's Debt-to-Equity distribution charts can be found below:

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

Traeger Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Traeger'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
	=	(32.258	+	426.442)	/	291.348
	=	1.57

Traeger'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
	=	(32.258	+	426.442)	/	291.348
	=	1.57

Traeger (NYSE:COOK) 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.

Traeger Debt-to-Equity Related Terms

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

Traeger (Traeger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Traeger Inc (NYSE:COOK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1215 E Wilmington Avenue, Suite 200, Salt Lake City, UT, USA, 84106

Website

https://www.traeger.com

Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.

Executives

Hardy James H Jr	officer: Chief Supply Chain Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil	officer: Chief Financial Officer	C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Jeremy Andrus	director, officer: Chief Executive Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman	director	C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p.	10 percent owner, other: See Remarks	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres	director	TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino	director	C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez	director	ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp.	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022