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