Trakm8 Holdings (LSE:TRAK) Debt-to-Equity : 0.41 (As of Sep. 2023)

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What is Trakm8 Holdings Debt-to-Equity?

Trakm8 Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.40 Mil. Trakm8 Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1.49 Mil. Trakm8 Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £19.24 Mil. Trakm8 Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.41.

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 Trakm8 Holdings's Debt-to-Equity or its related term are showing as below:

LSE:TRAK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.41 Max: 0.49
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Trakm8 Holdings was 0.49. The lowest was 0.24. And the median was 0.41.

LSE:TRAK's Debt-to-Equity is ranked worse than
61.14% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs LSE:TRAK: 0.41

Trakm8 Holdings Debt-to-Equity Historical Data

The historical data trend for Trakm8 Holdings'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.

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Trakm8 Holdings Debt-to-Equity Chart

Trakm8 Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.45

0.40

0.42

Trakm8 Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.40	0.49	0.42	0.41

Competitive Comparison of Trakm8 Holdings's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Trakm8 Holdings'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.

Trakm8 Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trakm8 Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Trakm8 Holdings's Debt-to-Equity falls into.

Trakm8 Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trakm8 Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.497	+	6.548)	/	19.129
	=	0.42

Trakm8 Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.404	+	1.486)	/	19.235
	=	0.41

Trakm8 Holdings (LSE:TRAK) 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.

Trakm8 Holdings Debt-to-Equity Related Terms

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Trakm8 Holdings (LSE:TRAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trakm8 Holdings PLC (LSE:TRAK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Roman Park, Roman Way, Coleshill, Birmingham, West Midlands, GBR, B46 1HG

Website

https://www.trakm8.com

Trakm8 Holdings PLC is a UK-based company. The company through its subsidiaries is engaged in developing, manufacturing, marketing, and distribution of vehicle telematics devices and services. Its operating segment includes Integrated Telematics Technology. The company generates maximum revenue from Fleet and optimization and Insurance and automotive solutions. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in North America, Norway, the Rest of Europe, and the Rest of the World.