Think Research (TSXV:THNK) Debt-to-Equity : 1.82 (As of Sep. 2023)

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What is Think Research Debt-to-Equity?

Think Research's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$29.26 Mil. Think Research's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$21.64 Mil. Think Research's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$27.99 Mil. Think Research's debt to equity for the quarter that ended in Sep. 2023 was 1.82.

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

TSXV:THNK' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.84 Med: 0.79 Max: 1.82
Current: 1.82

During the past 3 years, the highest Debt-to-Equity Ratio of Think Research was 1.82. The lowest was -0.84. And the median was 0.79.

TSXV:THNK's Debt-to-Equity is ranked worse than
85.56% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs TSXV:THNK: 1.82

Think Research Debt-to-Equity Historical Data

The historical data trend for Think Research'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.

Think Research Debt-to-Equity Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Debt-to-Equity

-0.84

0.79

1.34

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.62	1.34	1.41	1.56	1.82

Competitive Comparison of Think Research's Debt-to-Equity

For the Health Information Services subindustry, Think Research'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.

Think Research's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Think Research's Debt-to-Equity distribution charts can be found below:

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

Think Research Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Think Research's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(26.848	+	19.652)	/	34.799
	=	1.34

Think Research's Debt to Equity Ratio for the quarter 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
	=	(29.256	+	21.639)	/	27.989
	=	1.82

Think Research (TSXV:THNK) 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.

Think Research Debt-to-Equity Related Terms

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

Think Research (TSXV:THNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (TSXV:THNK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

THKKF:USA

Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.

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