Tianrong Internet Products And Services (Tianrong Internet Products And Services) Debt-to-Equity : -0.81 (As of Sep. 2023)

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What is Tianrong Internet Products And Services Debt-to-Equity?

Tianrong Internet Products And Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Tianrong Internet Products And Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.72 Mil. Tianrong Internet Products And Services's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.89 Mil. Tianrong Internet Products And Services's debt to equity for the quarter that ended in Sep. 2023 was -0.81.

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 Tianrong Internet Products And Services's Debt-to-Equity or its related term are showing as below:

TIPS' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.81 Med: -0.81 Max: -0.81
Current: -0.81

During the past 0 years, the highest Debt-to-Equity Ratio of Tianrong Internet Products And Services was -0.81. The lowest was -0.81. And the median was -0.81.

TIPS's Debt-to-Equity is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.215 vs TIPS: -0.81

Tianrong Internet Products And Services Debt-to-Equity Historical Data

The historical data trend for Tianrong Internet Products And Services'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.

Tianrong Internet Products And Services Debt-to-Equity Chart

Tianrong Internet Products And Services Annual Data

Trend

Debt-to-Equity

Tianrong Internet Products And Services Semi-Annual Data
	Sep22	Sep23
Debt-to-Equity	N/A	-0.81

Competitive Comparison of Tianrong Internet Products And Services's Debt-to-Equity

For the Medical Devices subindustry, Tianrong Internet Products And Services'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.

Tianrong Internet Products And Services's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tianrong Internet Products And Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianrong Internet Products And Services's Debt-to-Equity falls into.

Tianrong Internet Products And Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianrong Internet Products And Services's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Tianrong Internet Products And Services'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
	=	(0	+	0.719)	/	-0.889
	=	-0.81

Tianrong Internet Products And Services (OTCPK:TIPS) 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.

Tianrong Internet Products And Services Debt-to-Equity Related Terms

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Tianrong Internet Products And Services (Tianrong Internet Products And Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianrong Internet Products And Services Inc (OTCPK:TIPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2374 Route 390, P.O. Box 609, Mountainhome, PA, USA, 18342

Website

Tianrong Internet Products And Services Inc is a United States-based holding company whose strategy is the acquisition of med-tech and medical devices sectors.

Tianrong Internet Products And Services (Tianrong Internet Products And Services) Headlines

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