Tingo (TMNA) Debt-to-Equity : 0.02 (As of Jun. 2023)

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What is Tingo Debt-to-Equity?

Tingo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $23.8 Mil. Tingo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil. Tingo's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $1,196.9 Mil. Tingo's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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

TMNA' s Debt-to-Equity Range Over the Past 10 Years
Min: -26.75 Med: 0.02 Max: 4.07
Current: 0.02

During the past 8 years, the highest Debt-to-Equity Ratio of Tingo was 4.07. The lowest was -26.75. And the median was 0.02.

TMNA's Debt-to-Equity is ranked better than
92.16% of 2218 companies
in the Software industry
Industry Median: 0.21 vs TMNA: 0.02

Tingo Debt-to-Equity Historical Data

The historical data trend for Tingo'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.

Tingo Debt-to-Equity Chart

Tingo Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.44

0.02

Tingo Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.02	0.02	0.02

Competitive Comparison of Tingo's Debt-to-Equity

For the Software - Infrastructure subindustry, Tingo'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.

Tingo's Debt-to-Equity Distribution in the Software Industry

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

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

Tingo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tingo'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
	=	(23.75	+	0)	/	1206.339
	=	0.02

Tingo'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
	=	(23.772	+	0)	/	1196.915
	=	0.02

Tingo (OTCPK:TMNA) 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.

Tingo Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tingo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tingo (TMNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tingo Inc (OTCPK:TMNA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11650 South State Street, Suite 240, Draper, UT, USA, 84020

Website

https://www.tingoinc.com

Tingo Inc is an Agri-Fintech company offering a comprehensive platform service through the use of smartphones (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities. The ecosystem provides a 'one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from 'seed to sale'.

Executives

Dozy Mmobousi	director, 10 percent owner, officer: CEO	BRICKFIELD, RADLETT X0 WD7 8BS
Christophe Charlier	director	7F 77/2 AL-FARABI AVENUE, ALMATY 1P 050040
Rory Bowen	officer: Chief of Staff	APARTMENT 19, 2 OFFENHAM ROAD, LONDON X0 SW9 7BN
Daksheshkumar B Patel	director, officer: CFO	APARTMENT 205, THE EMPEROR, 8 WEST ROAD SOUTH, SANDTON, JOHANNESBURG T3 2196
Leslie Nabanya Kasumba	director	199 SIBAYA SANDS 9 THE STRAIGHT AVENUE, PINESLOPES, LONEHILL, SANDTON, JOHANNESBURG T3 2191
Kenneth I Denos	officer: EVP, Genl Counsel & Secy	10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095
Onyekachi Elochukwu Onubogu	director	14 A DASILVA ROAD, LAGOS Q5 101222
Christopher John Cleverly	director, officer: President	60 THE GREEN, POULSHOT DEVICES X0 5N101RT
Derrick Randall-emeka	director	21 MILESPIT HILL, MILL HILL X0 NW7 2PJ
Adewale Adebayo	director	1004 ESTATE, CLUSTAR D1 APARTMENT 116, VICTORIA ISLAND / LAGOS Q5 101241
Alex Lightman	director	3470 ONLEY-LAYTONSVILLE ROAD, SUITE 118, OLNEY MD 20832
John J Brown	director	1450 BOOT RD BLDG 400, ROM TECH INC, WEST CHESTER PA 19380
Zoliwe Macanda-simbodyal	director	29 WOOLCOMBES COURT, LONDON X0 SE16 5RQ
Gurjinder Johal	director	301 EAST 21ST, #13B, NEW YORK NY 10010
Tingo, Inc.	10 percent owner	11650 SOUTH STATE STREET, SUITE 240, DRAPER UT 84020