Tantalus Systems Holding (TSX:GRID) Debt-to-Equity : 14.38 (As of Mar. 2024)

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What is Tantalus Systems Holding Debt-to-Equity?

Tantalus Systems Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$12.89 Mil. Tantalus Systems Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$6.33 Mil. Tantalus Systems Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.34 Mil. Tantalus Systems Holding's debt to equity for the quarter that ended in Mar. 2024 was 14.38.

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 Tantalus Systems Holding's Debt-to-Equity or its related term are showing as below:

TSX:GRID' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.39 Med: 4.04 Max: 25.39
Current: 14.38

During the past 3 years, the highest Debt-to-Equity Ratio of Tantalus Systems Holding was 25.39. The lowest was 1.39. And the median was 4.04.

TSX:GRID's Debt-to-Equity is ranked worse than
99.58% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSX:GRID: 14.38

Tantalus Systems Holding Debt-to-Equity Historical Data

The historical data trend for Tantalus Systems Holding'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.

Tantalus Systems Holding Debt-to-Equity Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.78

3.87

6.20

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											6.57	10.37	25.39	6.20	14.38

Competitive Comparison of Tantalus Systems Holding's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Debt-to-Equity distribution charts can be found below:

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

Tantalus Systems Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tantalus Systems Holding'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
	=	(12.553	+	6.719)	/	3.111
	=	6.19

Tantalus Systems Holding's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(12.886	+	6.325)	/	1.336
	=	14.38

Tantalus Systems Holding (TSX:GRID) 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.

Tantalus Systems Holding Debt-to-Equity Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Peter Londa

Director, Senior Officer