Titan Logix (TSXV:TLA) Debt-to-Equity : 0.05 (As of Feb. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Titan Logix Debt-to-Equity?

Titan Logix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.11 Mil. Titan Logix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.68 Mil. Titan Logix's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$16.75 Mil. Titan Logix's debt to equity for the quarter that ended in Feb. 2024 was 0.05.

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

TSXV:TLA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.05
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Titan Logix was 0.05. The lowest was 0.00. And the median was 0.01.

TSXV:TLA's Debt-to-Equity is ranked better than
84.27% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSXV:TLA: 0.05

Titan Logix Debt-to-Equity Historical Data

The historical data trend for Titan Logix'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.

Titan Logix Debt-to-Equity Chart

Titan Logix Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.02

0.05

Titan Logix Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.05	0.05	0.05

Competitive Comparison of Titan Logix's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Titan Logix'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.

Titan Logix's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Logix's Debt-to-Equity distribution charts can be found below:

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

Titan Logix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titan Logix's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.096	+	0.681)	/	16.878
	=	0.05

Titan Logix's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.111	+	0.678)	/	16.749
	=	0.05

Titan Logix (TSXV:TLA) 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.

Titan Logix Debt-to-Equity Related Terms

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

Titan Logix (TSXV:TLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Titan Logix Corp (TSXV:TLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TPCFF:USA

Address

4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5

Website

https://www.titanlogix.com

Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.

Executives

Grant Reeves

Director

Titan Logix (TSXV:TLA) Headlines

No Headlines