Turtle Beach (FRA:0P1A) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Turtle Beach Debt-to-Equity?

Turtle Beach's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil. Turtle Beach's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil. Turtle Beach's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €78.0 Mil. Turtle Beach's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

FRA:0P1A' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.23 Med: 0.25 Max: 1.14
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Turtle Beach was 1.14. The lowest was -3.23. And the median was 0.25.

FRA:0P1A's Debt-to-Equity is ranked better than
64.53% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs FRA:0P1A: 0.16

Turtle Beach Debt-to-Equity Historical Data

The historical data trend for Turtle Beach'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.

Turtle Beach Debt-to-Equity Chart

Turtle Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.21

Turtle Beach Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.21	-	-	0.18	-

Competitive Comparison of Turtle Beach's Debt-to-Equity

For the Consumer Electronics subindustry, Turtle Beach'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.

Turtle Beach's Debt-to-Equity Distribution in the Hardware Industry

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

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

Turtle Beach Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turtle Beach'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
	=	(0	+	0)	/	78.016
	=	0.00

Turtle Beach'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	+	0)	/	78.016
	=	0.00

Turtle Beach (FRA:0P1A) 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.

Turtle Beach Debt-to-Equity Related Terms

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Turtle Beach (FRA:0P1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Turtle Beach Corp (FRA:0P1A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HEAR:USA 0P1A:Germany

Address

44 South Broadway, 4th Floor, White Plains, NY, USA, 10601

Website

https://corp.turtlebeach.com

Turtle Beach Corp is gaming audio and accessory brand offering a broad selection of gaming headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PC, Mac, and mobile/tablet devices. The company's portfolio includes gaming headsets, PC gaming headsets, PC gaming keyboards, PC gaming mice and other accessories which are distributed internationally in North America, Europe, the Middle East, Africa, Australia, and Asia sold at thousands of storefronts, including retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target and Walmart. Geographically, it generates majority revenue from North America.

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