Trutankless (Trutankless) Debt-to-Equity : -0.82 (As of Sep. 2023)

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What is Trutankless Debt-to-Equity?

Trutankless's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.30 Mil. Trutankless's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.26 Mil. Trutankless's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-6.75 Mil. Trutankless's debt to equity for the quarter that ended in Sep. 2023 was -0.82.

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

TKLS' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.91 Med: -0.89 Max: 17.42
Current: -0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Trutankless was 17.42. The lowest was -4.91. And the median was -0.89.

TKLS's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs TKLS: -0.82

Trutankless Debt-to-Equity Historical Data

The historical data trend for Trutankless'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.

Trutankless Debt-to-Equity Chart

Trutankless Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.84

-0.70

-1.06

-0.58

-0.82

Trutankless Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.81	-0.82	-0.79	-0.79	-0.82

Competitive Comparison of Trutankless's Debt-to-Equity

For the Consumer Electronics subindustry, Trutankless'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.

Trutankless's Debt-to-Equity Distribution in the Hardware Industry

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

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

Trutankless Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trutankless's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.686	+	1.869)	/	-5.552
	=	-0.82

Trutankless's Debt to Equity Ratio for the quarter 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
	=	(5.302	+	0.257)	/	-6.747
	=	-0.82

Trutankless (OTCPK:TKLS) 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.

Trutankless Debt-to-Equity Related Terms

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Trutankless (Trutankless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trutankless Inc (OTCPK:TKLS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260

Website

https://trutankless.com

Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.

Executives

Buit Right Holdings, Llc	10 percent owner	8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins	director	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr	director, officer: President & CEO	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254