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Table Trac (Table Trac) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Table Trac Debt-to-Equity?

Table Trac's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil. Table Trac's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.13 Mil. Table Trac's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.90 Mil. Table Trac's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TBTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Table Trac was 0.03. The lowest was 0.00. And the median was 0.02.

TBTC's Debt-to-Equity is ranked better than
95.78% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs TBTC: 0.02

Table Trac Debt-to-Equity Historical Data

The historical data trend for Table Trac'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.

Table Trac Debt-to-Equity Chart

Table Trac 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 0.02 0.01 0.03 0.02 0.02

Table Trac 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 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 0.02 0.02 0.01 0.03 0.02

Competitive Comparison of Table Trac's Debt-to-Equity

For the Resorts & Casinos subindustry, Table Trac'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.


Table Trac's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Table Trac's Debt-to-Equity distribution charts can be found below:

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



Table Trac Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Table Trac's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Table Trac  (OTCPK:TBTC) 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.


Table Trac Debt-to-Equity Related Terms

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


Table Trac (Table Trac) Business Description

Traded in Other Exchanges
N/A
Address
6101 Baker Road, Suite 206, Minnetonka, MN, USA, 55345
Table Trac Inc develops patented proprietary information and management systems that automate and monitor the operations of casino table game operations. It also provides technical support to the casinos. The company mainly operates in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. It derives the majority of its revenues from system sales. The Company sells and leases systems and technical support to casinos. It has casino management systems, table games management systems, DataTrac, KioskTrac and ancillary products installed with on-going support and maintenance contracts.
Executives
William Martinez director 6101 BAKER RD, #206, MINNETONKA MN 55345
Thomas J Mertens director 6101 BAKER RD., #206, MINNETONKA MN 55345
Louis C Fornetti director 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Randy Gilbert officer: Chief Financial Officer 2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441
Gary L Loebig director 206 WILD BASIN ROAD, BLDG B 4TH FLOOR, AUSTIN TX 78746
Brian Hinchley officer: Chief Financial Officer 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Chad B Hoehne director, officer: President and CEO 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Steven A Browne director 1960 NEWMAN, CARSON CITY NV 89703
Michael I Connolly director 7800 BELFORT PARKWAY, SUITE 165, JACKSONVILLE FL 32256
Robert Siqveland director, officer: Exec. Asst and Secretary 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Glenn Joseph Goulet director 10708 BULL RIDGE DRIVE, AUSTIN TX 78759
Scott E Smith director 10513 RIGBY DRIVE, EDEN PRAIRIE MN 55447

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