TrustBIX (TSXV:TBIX) Debt-to-Equity

: -0.38 (As of Dec. 2023)

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TrustBIX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil. TrustBIX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.65 Mil. TrustBIX's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.93 Mil. TrustBIX's debt to equity for the quarter that ended in Dec. 2023 was -0.38.

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

TSXV:TBIX' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.02 Med: 0.23 Max: 78.46
Current: -0.38

During the past 7 years, the highest Debt-to-Equity Ratio of TrustBIX was 78.46. The lowest was -5.02. And the median was 0.23.

TSXV:TBIX's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:TBIX: -0.38

TrustBIX Debt-to-Equity Historical Data

The historical data trend for TrustBIX'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.

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

12.81

-3.12

78.46

-0.37

TrustBIX 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																-1.75	-2.52	-0.86	-0.37	-0.38

Competitive Comparison

For the Software - Application subindustry, TrustBIX'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.

TrustBIX Debt-to-Equity Distribution

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

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

TrustBIX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TrustBIX's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.114	+	0.599)	/	-1.95
	=	-0.37

TrustBIX'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
	=	(0.089	+	0.65)	/	-1.931
	=	-0.38

TrustBIX (TSXV:TBIX) 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.

TrustBIX Debt-to-Equity Related Terms

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

TrustBIX (TSXV:TBIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrustBIX Inc (TSXV:TBIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TBIXF:USA

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

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