TrueCar (TrueCar) Debt-to-Equity

: 0.09 (As of Dec. 2023)

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TrueCar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.2 Mil. TrueCar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11.2 Mil. TrueCar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $160.2 Mil. TrueCar's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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

TRUE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.13
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of TrueCar was 0.13. The lowest was 0.02. And the median was 0.10.

TRUE's Debt-to-Equity is ranked better than
64.52% of 420 companies
in the Interactive Media industry
Industry Median: 0.16 vs TRUE: 0.09

TrueCar Debt-to-Equity Historical Data

The historical data trend for TrueCar'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.

TrueCar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.13

0.10

0.12

0.09

TrueCar 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																0.12	0.12	0.13	0.12	0.09

Competitive Comparison

For the Internet Content & Information subindustry, TrueCar'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.

TrueCar Debt-to-Equity Distribution

For the Interactive Media industry and Communication Services sector, TrueCar's Debt-to-Equity distribution charts can be found below:

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

TrueCar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TrueCar'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
	=	(3.24	+	11.169)	/	160.215
	=	0.09

TrueCar'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
	=	(3.24	+	11.169)	/	160.215
	=	0.09

TrueCar (NAS:TRUE) 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.

TrueCar Debt-to-Equity Related Terms

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

TrueCar (TrueCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TrueCar Inc (NAS:TRUE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5TC:Germany

Address

1401 Ocean Avenue, Suite 200, Santa Monica, CA, USA, 90401

Website

https://www.truecar.com

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. The company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Executives

Oliver Foley	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Jay Ku	officer: Chief Revenue Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
John W Mendel	director	C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Brendan L Harrington	director	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Teresa Luong	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Robert Buce	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Faye Iosotaluno	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Michael Darrow	officer: EVP, OEM Development	C/O TRUECAR, INC., SUITE 200, SANTA MONICA CA 90401
Jeff Swart	officer: SVP & General Counsel	C/O TRUECAR, INC. 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Charles C. Thomas	officer: VP, Controller, PFO, PAO	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Simon Edward Smith	officer: EVP, Dealer Sales & Services	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jantoon Reigersman	officer: Chief Financial Officer	1655 26TH STREET, SANTA MONICA CA 90404
Kristin Slanina	officer: Chief Operating Officer	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Barbara Carbone	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401