TeraGo (TSX:TGO) Debt-to-Equity

: 1.84 (As of Dec. 2023)

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TeraGo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.24 Mil. TeraGo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$26.70 Mil. TeraGo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$17.33 Mil. TeraGo's debt to equity for the quarter that ended in Dec. 2023 was 1.84.

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

TSX:TGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.87 Max: 1.84
Current: 1.84

During the past 13 years, the highest Debt-to-Equity Ratio of TeraGo was 1.84. The lowest was 0.45. And the median was 0.87.

TSX:TGO's Debt-to-Equity is ranked worse than
80.29% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs TSX:TGO: 1.84

TeraGo Debt-to-Equity Historical Data

The historical data trend for TeraGo'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.

TeraGo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.19

1.37

0.89

0.69

1.84

TeraGo 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																0.69	0.73	1.17	1.38	1.84

Competitive Comparison

For the Telecom Services subindustry, TeraGo'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.

TeraGo Debt-to-Equity Distribution

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

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

TeraGo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TeraGo'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
	=	(5.237	+	26.698)	/	17.333
	=	1.84

TeraGo'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
	=	(5.237	+	26.698)	/	17.333
	=	1.84

TeraGo (TSX:TGO) 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.

TeraGo Debt-to-Equity Related Terms

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TeraGo (TSX:TGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TeraGo Inc (TSX:TGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRAGF:USA

Address

55 Commerce Valley Drive West, Suite 800, Thornhill, ON, CAN, L3T 7V9

Website

https://www.terago.ca

TeraGo Inc provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.

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