Tucows (Tucows) Debt-to-Equity

: 46.27 (As of Dec. 2023)

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Tucows's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.4 Mil. Tucows's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $451.5 Mil. Tucows's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.9 Mil. Tucows's debt to equity for the quarter that ended in Dec. 2023 was 46.27.

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

TCX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 1.28 Max: 46.27
Current: 46.27

During the past 13 years, the highest Debt-to-Equity Ratio of Tucows was 46.27. The lowest was 0.13. And the median was 1.28.

TCX's Debt-to-Equity is ranked worse than
99.82% of 2221 companies
in the Software industry
Industry Median: 0.21 vs TCX: 46.27

Tucows Debt-to-Equity Historical Data

The historical data trend for Tucows'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.

Tucows Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

1.27

1.79

2.65

46.27

Tucows Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.65	3.20	9.17	15.51	46.27

Competitive Comparison

For the Software - Infrastructure subindustry, Tucows'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.

Tucows Debt-to-Equity Distribution

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

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

Tucows Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tucows'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
	=	(5.397	+	451.504)	/	9.875
	=	46.27

Tucows'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
	=	(5.397	+	451.504)	/	9.875
	=	46.27

Tucows (NAS:TCX) 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.

Tucows Debt-to-Equity Related Terms

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

Tucows (Tucows) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tucows Inc (NAS:TCX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TUQ1:Germany TUQ1:Germany TC:Canada

Address

96 Mowat Avenue, Toronto, ON, CAN, M6K 3M1

Website

https://www.tucows.com

Tucows Inc provides us consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Domain Services, Mobile Services, and Fiber Internet Services. It generates the majority of its revenue from Domain Services.

Executives

Elliot Noss	director, officer: Chief Executive Officer
Robin Chase	director	96 MOWAT AVENUE, TORONTO A6 M6K3M1
Lee Matheson	director	96 MOWAT AVE, TORONTO A6 M6K 3M1
Gigi Sohn	director	96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Fund Management Ltd	10 percent owner	ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Michael Alan Koenig	officer: Chief Operating Officer	96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Master Fund Ltd.	10 percent owner	C/O MOURANT GOVERNANCE SERVICES, PO BOX 1348, 94 SOLARIS AVE., GRAND CAYMAN E9 KY1-1108
Herdwick Capital Ltd	10 percent owner	C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Alexis Fortune	10 percent owner	C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
David John Woroch	officer: VP Sales & Customer Support	96 MOWAT AVENUE, TORONTO A6 M6K 3M1
Marlene Carl	director	96 MOWAT AVENUE, TORONTO A6 M6K3M1
Bret Fausett	officer: Chief Legal Officer & VP	96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jessica Sybil-lynne Johannson	officer: VP HR	612-11 BRONTE ROAD, OAKVILLE A6 L6L0E1
Justin Reilly	officer: CPO	96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jill Szchumacher	officer: EVP Networks	96 MOWAT AVENUE, TORONTO A6 M6K3M1