Grupo Tmm Sab Debt-to-Equity Ratio Growth & History (GTMAY)

Grupo Tmm Sab's debt-to-equity ratio was 0.27 for fiscal 2024.

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Grupo Tmm Sab annual debt-to-equity ratio history

Grupo Tmm Sab annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20242024-12-310.270.14+114.53%
20232023-12-310.13−0.08−37.46%
20222022-12-310.20−0.10−32.84%
20212021-12-310.300.05+22.41%
20202020-12-310.24−0.11−31.41%
20192019-12-310.360.06+20.05%
20182018-12-310.30−0.12−28.77%
20172017-12-310.42−10.81−96.29%
20162016-12-3111.22——

Grupo Tmm Sab debt-to-equity ratio trends

Over the last five fiscal years, Grupo Tmm Sab's debt-to-equity ratio decreased from 0.36 to 0.27, a change of −0.09. The latest reported quarter, Q4 2024, shows 0.27.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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