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Two Hands (Two Hands) Debt-to-Equity : -0.58 (As of Mar. 2024)


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What is Two Hands Debt-to-Equity?

Two Hands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.85 Mil. Two Hands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.78 Mil. Two Hands's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-2.80 Mil. Two Hands's debt to equity for the quarter that ended in Mar. 2024 was -0.58.

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 Two Hands's Debt-to-Equity or its related term are showing as below:

TWOH' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.31   Med: -0.58   Max: 0.98
Current: -0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Two Hands was 0.98. The lowest was -2.31. And the median was -0.58.

TWOH's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TWOH: -0.58

Two Hands Debt-to-Equity Historical Data

The historical data trend for Two Hands'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.

Two Hands Debt-to-Equity Chart

Two Hands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -0.44 -0.21 -0.25 -0.54

Two Hands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.28 -0.30 -0.61 -0.54 -0.58

Competitive Comparison of Two Hands's Debt-to-Equity

For the Software - Application subindustry, Two Hands'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.


Two Hands's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Two Hands's Debt-to-Equity distribution charts can be found below:

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



Two Hands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Two Hands's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Two Hands's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Two Hands  (OTCPK:TWOH) 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.


Two Hands Debt-to-Equity Related Terms

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


Two Hands (Two Hands) Business Description

Traded in Other Exchanges
Address
1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1
Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.
Executives
Steven Gryfe officer: Chief Financial Officer 558 ATLAS AVENUE, TORONTO A6 M6C3R6
Ryan M. Wilson director 42 MUSCAT CRES., AJAX A6 L1Z0B9
Nadav Elituv director, 10 percent owner, officer: CEO, Pres, Sec & Treasurer 373 JOICEY BLVD., NORTH YORK A6 M5M2W2
Bradley Southam director 33-310 CHRISTOPHER DRIVE, CAMBRIDGE A6 N1P1B4
Shuttle Digital Solutions Inc 10 percent owner 250 YONGE STREET, SUITE 2201, TORONTO A6 M5B2L7