Technical Communications (Technical Communications) Debt-to-Equity : -1.11 (As of Jun. 2023)

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What is Technical Communications Debt-to-Equity?

Technical Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.07 Mil. Technical Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.20 Mil. Technical Communications's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-3.85 Mil. Technical Communications's debt to equity for the quarter that ended in Jun. 2023 was -1.11.

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

TCCO' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.52 Med: 0.38 Max: 4.53
Current: -1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Technical Communications was 4.53. The lowest was -6.52. And the median was 0.38.

TCCO's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs TCCO: -1.11

Technical Communications Debt-to-Equity Historical Data

The historical data trend for Technical Communications'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.

Technical Communications Debt-to-Equity Chart

Technical Communications Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

Get a 7-Day Free Trial

0.52

4.53

-1.76

Technical Communications 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															-1.75	-1.76	-1.47	-1.28	-1.11

Competitive Comparison of Technical Communications's Debt-to-Equity

For the Communication Equipment subindustry, Technical Communications'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.

Technical Communications's Debt-to-Equity Distribution in the Hardware Industry

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

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

Technical Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Technical Communications's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(3.166	+	0.232)	/	-1.935
	=	-1.76

Technical Communications'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
	=	(1.072	+	3.204)	/	-3.846
	=	-1.11

Technical Communications (OTCPK:TCCO) 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.

Technical Communications Debt-to-Equity Related Terms

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Technical Communications (Technical Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Technical Communications Corp (OTCPK:TCCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Domino Drive, Concord, MA, USA, 01742-2892

Website

https://www.tccsecure.com

Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.

Executives

Ralph M Norwood	director	111 SOUTH WORCESTER STREET, NORTON MA 02766
Guild Carl H Jr	director, officer: CEO
Thomas E Peoples	director
Francisco F Blanco	director	1915 TOWNE CENTRE BLVD, SUITE 309, ANNAPOLIS MD 21401
Mitchell Briskin	director
Michael P Malone	officer: Chief Financial Officer
Paul D Sonkin	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	10 percent owner, other: see footnote #1	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Concentrated Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Robert T Lessard	director
Brown David A B	director