TAAT Global Alternatives (TAAT Global Alternatives) Debt-to-Equity : 2.83 (As of Jul. 2023)

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What is TAAT Global Alternatives Debt-to-Equity?

TAAT Global Alternatives's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $4.11 Mil. TAAT Global Alternatives's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $2.08 Mil. TAAT Global Alternatives's Total Stockholders Equity for the quarter that ended in Jul. 2023 was $2.19 Mil. TAAT Global Alternatives's debt to equity for the quarter that ended in Jul. 2023 was 2.83.

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 TAAT Global Alternatives's Debt-to-Equity or its related term are showing as below:

TOBAF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.54 Med: 0.19 Max: 2.83
Current: 2.83

During the past 13 years, the highest Debt-to-Equity Ratio of TAAT Global Alternatives was 2.83. The lowest was -2.54. And the median was 0.19.

TOBAF's Debt-to-Equity is ranked worse than
94.29% of 35 companies
in the Tobacco Products industry
Industry Median: 0.23 vs TOBAF: 2.83

TAAT Global Alternatives Debt-to-Equity Historical Data

The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives Debt-to-Equity Chart

TAAT Global Alternatives Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Debt-to-Equity

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-0.16

-1.38

0.02

0.30

0.83

TAAT Global Alternatives Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.83	1.36	1.33	2.83

Competitive Comparison of TAAT Global Alternatives's Debt-to-Equity

For the Tobacco subindustry, TAAT Global Alternatives'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.

TAAT Global Alternatives's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Debt-to-Equity distribution charts can be found below:

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

TAAT Global Alternatives Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TAAT Global Alternatives's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(2.594	+	2.746)	/	6.426
	=	0.83

TAAT Global Alternatives's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(4.113	+	2.079)	/	2.186
	=	2.83

TAAT Global Alternatives (OTCPK:TOBAF) 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.

TAAT Global Alternatives Debt-to-Equity Related Terms

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TAAT Global Alternatives (TAAT Global Alternatives) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (OTCPK:TOBAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2TP0:Germany TAAT:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C1H2

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. The company generates the majority of its revenue from the tobacco products segment.