Tecan Group AG (XSWX:TECN) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Tecan Group AG Debt-to-Equity?

Tecan Group AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF12 Mil. Tecan Group AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF304 Mil. Tecan Group AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CHF1,349 Mil. Tecan Group AG's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Tecan Group AG's Debt-to-Equity or its related term are showing as below:

XSWX:TECN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.26
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Tecan Group AG was 0.26. The lowest was 0.00. And the median was 0.04.

XSWX:TECN's Debt-to-Equity is ranked worse than
51.76% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs XSWX:TECN: 0.23

Tecan Group AG Debt-to-Equity Historical Data

The historical data trend for Tecan Group AG'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.

Tecan Group AG Debt-to-Equity Chart

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.05

0.26

0.23

Tecan Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.24	0.23	0.22	0.23

Competitive Comparison of Tecan Group AG's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tecan Group AG's Debt-to-Equity distribution charts can be found below:

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

Tecan Group AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tecan Group AG'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
	=	(12.24	+	303.854)	/	1348.91
	=	0.23

Tecan Group AG'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
	=	(12.24	+	303.854)	/	1348.91
	=	0.23

Tecan Group AG (XSWX:TECN) 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.

Tecan Group AG Debt-to-Equity Related Terms

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Tecan Group AG (XSWX:TECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (XSWX:TECN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.

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