Turnium Technology Group (TSXV:TTGI) Debt-to-Equity : -0.99 (As of Dec. 2023)

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What is Turnium Technology Group Debt-to-Equity?

Turnium Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.53 Mil. Turnium Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.07 Mil. Turnium Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.62 Mil. Turnium Technology Group's debt to equity for the quarter that ended in Dec. 2023 was -0.99.

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

TSXV:TTGI' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.73 Med: -1.11 Max: -0.53
Current: -0.99

During the past 4 years, the highest Debt-to-Equity Ratio of Turnium Technology Group was -0.53. The lowest was -3.73. And the median was -1.11.

TSXV:TTGI's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:TTGI: -0.99

Turnium Technology Group Debt-to-Equity Historical Data

The historical data trend for Turnium Technology Group'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.

Turnium Technology Group Debt-to-Equity Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

-0.89

-0.53

-2.01

-1.29

Turnium Technology Group Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-1.94	-1.17	-1.05	-1.29	-0.99

Competitive Comparison of Turnium Technology Group's Debt-to-Equity

For the Software - Infrastructure subindustry, Turnium Technology Group'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.

Turnium Technology Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Turnium Technology Group's Debt-to-Equity distribution charts can be found below:

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

Turnium Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turnium Technology Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.567	+	0.972)	/	-1.189
	=	-1.29

Turnium Technology Group'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
	=	(0.532	+	1.071)	/	-1.618
	=	-0.99

Turnium Technology Group (TSXV:TTGI) 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.

Turnium Technology Group Debt-to-Equity Related Terms

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Turnium Technology Group (TSXV:TTGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (TSXV:TTGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

E48:Germany

Address

3355 Grandview Hwy, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service.

Executives

Ralph Garcea

Director

Turnium Technology Group (TSXV:TTGI) Headlines

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