Tan Delta Systems (FRA:TB4) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Tan Delta Systems Debt-to-Equity?

Tan Delta Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.03 Mil. Tan Delta Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.08 Mil. Tan Delta Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €5.71 Mil. Tan Delta Systems's debt to equity for the quarter that ended in Dec. 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 Tan Delta Systems's Debt-to-Equity or its related term are showing as below:

FRA:TB4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.74 Max: 1.42
Current: 0.02

During the past 4 years, the highest Debt-to-Equity Ratio of Tan Delta Systems was 1.42. The lowest was 0.02. And the median was 0.74.

FRA:TB4's Debt-to-Equity is ranked better than
95.31% of 831 companies
in the Oil & Gas industry
Industry Median: 0.45 vs FRA:TB4: 0.02

Tan Delta Systems Debt-to-Equity Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems Debt-to-Equity Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.43

1.10

0.38

0.02

Tan Delta Systems Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			1.10	N/A	0.38	0.82	0.02

Competitive Comparison of Tan Delta Systems's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Debt-to-Equity distribution charts can be found below:

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

Tan Delta Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tan Delta Systems'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
	=	(0.031	+	0.084)	/	5.714
	=	0.02

Tan Delta Systems'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
	=	(0.031	+	0.084)	/	5.714
	=	0.02

Tan Delta Systems (FRA:TB4) 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.

Tan Delta Systems Debt-to-Equity Related Terms

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

Tan Delta Systems (FRA:TB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (FRA:TB4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TAND:UK

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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