Tribe Property Technologies (TSXV:TRBE) Debt-to-Equity : 2.40 (As of Dec. 2023)

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What is Tribe Property Technologies Debt-to-Equity?

Tribe Property Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.05 Mil. Tribe Property Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.74 Mil. Tribe Property Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.67 Mil. Tribe Property Technologies's debt to equity for the quarter that ended in Dec. 2023 was 2.40.

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 Tribe Property Technologies's Debt-to-Equity or its related term are showing as below:

TSXV:TRBE' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.68 Med: 0.74 Max: 2.4
Current: 2.4

During the past 4 years, the highest Debt-to-Equity Ratio of Tribe Property Technologies was 2.40. The lowest was -1.68. And the median was 0.74.

TSXV:TRBE's Debt-to-Equity is ranked worse than
87.07% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs TSXV:TRBE: 2.40

Tribe Property Technologies Debt-to-Equity Historical Data

The historical data trend for Tribe Property Technologies'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.

Tribe Property Technologies Debt-to-Equity Chart

Tribe Property Technologies Annual Data

Trend

Apr20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.68

1.10

0.38

2.40

Tribe Property Technologies Quarterly Data
	Jan20	Apr20	Sep20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.38	0.43	N/A	0.62	2.40

Competitive Comparison of Tribe Property Technologies's Debt-to-Equity

For the Real Estate Services subindustry, Tribe Property Technologies'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.

Tribe Property Technologies's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tribe Property Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tribe Property Technologies's Debt-to-Equity falls into.

Tribe Property Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tribe Property Technologies'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
	=	(5.052	+	3.738)	/	3.67
	=	2.40

Tribe Property Technologies'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
	=	(5.052	+	3.738)	/	3.67
	=	2.40

Tribe Property Technologies (TSXV:TRBE) 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.

Tribe Property Technologies Debt-to-Equity Related Terms

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Tribe Property Technologies (TSXV:TRBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tribe Property Technologies Inc (TSXV:TRBE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRPTF:USA

Address

1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.tribetech.com

Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Executives

Joseph Nakhla

10% Security Holder, Director, Senior Officer

Tribe Property Technologies (TSXV:TRBE) Headlines

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