TuanChe (TuanChe) Debt-to-Equity : 1.48 (As of Dec. 2023)

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What is TuanChe Debt-to-Equity?

TuanChe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.77 Mil. TuanChe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.27 Mil. TuanChe's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.73 Mil. TuanChe's debt to equity for the quarter that ended in Dec. 2023 was 1.48.

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

TC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.23 Med: 0.05 Max: 1.48
Current: 1.48

During the past 8 years, the highest Debt-to-Equity Ratio of TuanChe was 1.48. The lowest was -0.23. And the median was 0.05.

TC's Debt-to-Equity is ranked worse than
92.87% of 421 companies
in the Interactive Media industry
Industry Median: 0.16 vs TC: 1.48

TuanChe Debt-to-Equity Historical Data

The historical data trend for TuanChe'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.

TuanChe Debt-to-Equity Chart

TuanChe Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.06

0.19

1.48

TuanChe Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.11	0.19	0.31	1.48

Competitive Comparison of TuanChe's Debt-to-Equity

For the Internet Content & Information subindustry, TuanChe'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.

TuanChe's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TuanChe's Debt-to-Equity distribution charts can be found below:

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

TuanChe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TuanChe'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
	=	(2.77	+	1.274)	/	2.729
	=	1.48

TuanChe'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
	=	(2.77	+	1.274)	/	2.729
	=	1.48

TuanChe (NAS:TC) 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.

TuanChe Debt-to-Equity Related Terms

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

TuanChe (TuanChe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TuanChe Ltd (NAS:TC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21 Yangfangdian Road, 9th Floor, Ruihai Building, Haidian District, Beijing, CHN, 100038

Website

http://www.tuanche.com

TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, and virtual dealership, online marketing services and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers, and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market.