Market Cap : 16.99 B | Enterprise Value : 16.43 B | P/E (TTM) : 92.61 | P/B : 8.94 |
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Tyler Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $6 Mil. Tyler Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $13 Mil. Tyler Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $1,898 Mil. Tyler Technologies's debt to equity for the quarter that ended in Sep. 2020 was 0.01.
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.
During the past 13 years, the highest Debt-to-Equity Ratio of Tyler Technologies was 3.66. The lowest was 0.01. And the median was 0.14.
NYSE:TYL's Debt-to-Equity is ranked higher than* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where Tyler Technologies's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Tyler Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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 | |
= | (6.387 | + | 16.822) | / | 1617.058 | |
= | 0.01 |
Tyler Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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 | |
= | (5.78 | + | 12.87) | / | 1898.145 | |
= | 0.01 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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.
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