Thunderbird Entertainment Group (TSXV:TBRD) Debt-to-Equity : 0.75 (As of Dec. 2023)

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What is Thunderbird Entertainment Group Debt-to-Equity?

Thunderbird Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$33.1 Mil. Thunderbird Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17.0 Mil. Thunderbird Entertainment Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$66.9 Mil. Thunderbird Entertainment Group's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 Thunderbird Entertainment Group's Debt-to-Equity or its related term are showing as below:

TSXV:TBRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.07 Max: 1.64
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Thunderbird Entertainment Group was 1.64. The lowest was 0.75. And the median was 1.07.

TSXV:TBRD's Debt-to-Equity is ranked worse than
71.16% of 846 companies
in the Media - Diversified industry
Industry Median: 0.28 vs TSXV:TBRD: 0.75

Thunderbird Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Thunderbird Entertainment Group'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.

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Thunderbird Entertainment Group Debt-to-Equity Chart

Thunderbird Entertainment Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.09

1.29

0.91

1.22

1.12

Thunderbird Entertainment Group 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															0.86	0.83	1.12	1.05	0.75

Competitive Comparison of Thunderbird Entertainment Group's Debt-to-Equity

For the Entertainment subindustry, Thunderbird Entertainment Group'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.

Thunderbird Entertainment Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thunderbird Entertainment Group's Debt-to-Equity distribution charts can be found below:

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

Thunderbird Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thunderbird Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(55.72	+	18.769)	/	66.67
	=	1.12

Thunderbird Entertainment Group'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
	=	(33.137	+	17.022)	/	66.896
	=	0.75

Thunderbird Entertainment Group (TSXV:TBRD) 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.

Thunderbird Entertainment Group Debt-to-Equity Related Terms

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

Thunderbird Entertainment Group (TSXV:TBRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thunderbird Entertainment Group Inc (TSXV:TBRD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

THBRF:USA

Address

123 West 7th Avenue, Vancouver, BC, CAN, V5Y 1L8

Website

https://www.thunderbird.tv

Thunderbird Entertainment Group Inc is a multi-platform media company that develops, produces, and distributes film and television programming for the domestic and international markets. The company's programs cover multiple genres with a focus on kids and family entertainment, scripted comedy, drama, and factual non-scripted content. The company operates primarily through one operating segment being film and television production and distribution.

Thunderbird Entertainment Group (TSXV:TBRD) Headlines

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