Tortilla Mexican Grill (LSE:MEX) Debt-to-Equity : 13.22 (As of Dec. 2023)

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What is Tortilla Mexican Grill Debt-to-Equity?

Tortilla Mexican Grill's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £5.67 Mil. Tortilla Mexican Grill's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £32.48 Mil. Tortilla Mexican Grill's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £2.89 Mil. Tortilla Mexican Grill's debt to equity for the quarter that ended in Dec. 2023 was 13.22.

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 Tortilla Mexican Grill's Debt-to-Equity or its related term are showing as below:

LSE:MEX' s Debt-to-Equity Range Over the Past 10 Years
Min: -113.19 Med: 9.99 Max: 57.44
Current: 13.22

During the past 6 years, the highest Debt-to-Equity Ratio of Tortilla Mexican Grill was 57.44. The lowest was -113.19. And the median was 9.99.

LSE:MEX's Debt-to-Equity is ranked worse than
97.36% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs LSE:MEX: 13.22

Tortilla Mexican Grill Debt-to-Equity Historical Data

The historical data trend for Tortilla Mexican Grill'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.

Tortilla Mexican Grill Debt-to-Equity Chart

Tortilla Mexican Grill Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-113.19

-21.41

8.94

11.04

13.22

Tortilla Mexican Grill Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					8.94	9.00	11.04	12.42	13.22

Competitive Comparison of Tortilla Mexican Grill's Debt-to-Equity

For the Restaurants subindustry, Tortilla Mexican Grill'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.

Tortilla Mexican Grill's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tortilla Mexican Grill's Debt-to-Equity distribution charts can be found below:

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

Tortilla Mexican Grill Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tortilla Mexican Grill'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
	=	(5.671	+	32.482)	/	2.886
	=	13.22

Tortilla Mexican Grill'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
	=	(5.671	+	32.482)	/	2.886
	=	13.22

Tortilla Mexican Grill (LSE:MEX) 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.

Tortilla Mexican Grill Debt-to-Equity Related Terms

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Tortilla Mexican Grill (LSE:MEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

73D:Germany

Address

142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF

Website

https://www.tortilla.co.uk

Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

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