Toll Brothers (FRA:TLK) Debt-to-Equity : 0.41 (As of Jan. 2024)

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What is Toll Brothers Debt-to-Equity?

Toll Brothers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0 Mil. Toll Brothers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €2,614 Mil. Toll Brothers's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €6,444 Mil. Toll Brothers's debt to equity for the quarter that ended in Jan. 2024 was 0.41.

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

FRA:TLK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.8 Max: 0.98
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Toll Brothers was 0.98. The lowest was 0.41. And the median was 0.80.

FRA:TLK's Debt-to-Equity is ranked better than
55.79% of 95 companies
in the Homebuilding & Construction industry
Industry Median: 0.53 vs FRA:TLK: 0.41

Toll Brothers Debt-to-Equity Historical Data

The historical data trend for Toll Brothers'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.

Toll Brothers Debt-to-Equity Chart

Toll Brothers Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.77

0.84

0.70

0.58

0.44

Toll Brothers Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.46	0.44	0.44	0.41

Competitive Comparison of Toll Brothers's Debt-to-Equity

For the Residential Construction subindustry, Toll Brothers'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.

Toll Brothers's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Debt-to-Equity distribution charts can be found below:

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

Toll Brothers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toll Brothers's Debt to Equity Ratio for the fiscal year that ended in Oct. 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	+	2826.163)	/	6436.907
	=	0.44

Toll Brothers's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	2613.703)	/	6443.691
	=	0.41

Toll Brothers (FRA:TLK) 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.

Toll Brothers Debt-to-Equity Related Terms

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Toll Brothers (FRA:TLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Toll Brothers Inc (FRA:TLK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOL:USA

Address

1140 Virginia Drive, Fort Washington, PA, USA, 19034

Website

https://www.tollbrothers.com

Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.