TCTM Kids IT Education (TCTM Kids IT Education) Debt-to-Equity : -0.18 (As of Jun. 2023)

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What is TCTM Kids IT Education Debt-to-Equity?

TCTM Kids IT Education's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $17.9 Mil. TCTM Kids IT Education's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $20.3 Mil. TCTM Kids IT Education's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-215.6 Mil. TCTM Kids IT Education's debt to equity for the quarter that ended in Jun. 2023 was -0.18.

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 TCTM Kids IT Education's Debt-to-Equity or its related term are showing as below:

TCTM' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.1 Med: -0.27 Max: 0.02
Current: -0.15

During the past 13 years, the highest Debt-to-Equity Ratio of TCTM Kids IT Education was 0.02. The lowest was -2.10. And the median was -0.27.

TCTM's Debt-to-Equity is not ranked
in the Education industry.
Industry Median: 0.345 vs TCTM: -0.15

TCTM Kids IT Education Debt-to-Equity Historical Data

The historical data trend for TCTM Kids IT Education'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.

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TCTM Kids IT Education Debt-to-Equity Chart

TCTM Kids IT Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-2.10

-0.54

-0.34

-0.19

-0.15

TCTM Kids IT Education Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.28	-0.19	-0.23	-0.18	-0.15

Competitive Comparison of TCTM Kids IT Education's Debt-to-Equity

For the Education & Training Services subindustry, TCTM Kids IT Education'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.

TCTM Kids IT Education's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, TCTM Kids IT Education's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TCTM Kids IT Education's Debt-to-Equity falls into.

TCTM Kids IT Education Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TCTM Kids IT Education'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
	=	(15.663	+	15.098)	/	-209.768
	=	-0.15

TCTM Kids IT Education's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(17.945	+	20.34)	/	-215.635
	=	-0.18

TCTM Kids IT Education (NAS:TCTM) 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.

TCTM Kids IT Education Debt-to-Equity Related Terms

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TCTM Kids IT Education (TCTM Kids IT Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TCTM Kids IT Education Inc (NAS:TCTM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0T8B:Germany

Address

No. 1 Andingmenwai Street, 6th Floor, Litchi Tower, Chaoyang District, Beijing, CHN, 100011

Website

https://www.tedu.cn

Tarena International Inc is engaged in providing professional education services including professional information technology (IT) training courses and non-IT training courses. It offers K-12 education services in China. The company operates in two reportable segments namely IT Professional Education and IT-focused Supplementary STEAM Education Services. The majority of the revenue is generated from the IT-focused Supplementary STEAM Education Services segment. The service provides by the company includes featuring course content, examinations, student and teaching staff interaction tools, student management tools, and an online student community. For adult students, Their education platform combines live distance instruction, classroom-based tutoring, and online learning modules.