Thinc Collective AB (XSAT:THINC) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Thinc Collective AB Debt-to-Equity?

Thinc Collective AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr4.6 Mil. Thinc Collective AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.2 Mil. Thinc Collective AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr30.7 Mil. Thinc Collective AB's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Thinc Collective AB's Debt-to-Equity or its related term are showing as below:

XSAT:THINC' s Debt-to-Equity Range Over the Past 10 Years
Min: -31.73 Med: 0.16 Max: 1.35
Current: 0.16

During the past 7 years, the highest Debt-to-Equity Ratio of Thinc Collective AB was 1.35. The lowest was -31.73. And the median was 0.16.

XSAT:THINC's Debt-to-Equity is ranked better than
55.76% of 2213 companies
in the Software industry
Industry Median: 0.21 vs XSAT:THINC: 0.16

Thinc Collective AB Debt-to-Equity Historical Data

The historical data trend for Thinc Collective AB'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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Thinc Collective AB Debt-to-Equity Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.15

-31.73

0.07

0.09

0.16

Thinc Collective AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.09	0.25	0.30	0.16

Competitive Comparison of Thinc Collective AB's Debt-to-Equity

For the Software - Application subindustry, Thinc Collective AB'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.

Thinc Collective AB's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Thinc Collective AB's Debt-to-Equity falls into.

Thinc Collective AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thinc Collective AB'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
	=	(4.64	+	0.182)	/	30.683
	=	0.16

Thinc Collective AB'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
	=	(4.64	+	0.182)	/	30.683
	=	0.16

Thinc Collective AB (XSAT:THINC) 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.

Thinc Collective AB Debt-to-Equity Related Terms

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Thinc Collective AB (XSAT:THINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinc Collective AB (XSAT:THINC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

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