Tevano Systems Holdings (XCNQ:TEVO) Debt-to-Equity : -0.07 (As of Mar. 2023)

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What is Tevano Systems Holdings Debt-to-Equity?

Tevano Systems Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.03 Mil. Tevano Systems Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.03 Mil. Tevano Systems Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$-0.87 Mil. Tevano Systems Holdings's debt to equity for the quarter that ended in Mar. 2023 was -0.07.

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 Tevano Systems Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:TEVO's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Tevano Systems Holdings Debt-to-Equity Historical Data

The historical data trend for Tevano Systems Holdings'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.

Tevano Systems Holdings Debt-to-Equity Chart

Tevano Systems Holdings Annual Data

Trend

Jun21

Jun22

Debt-to-Equity

-1.60

-0.14

Tevano Systems Holdings Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial						-0.15	-0.14	-0.14	-0.13	-0.07

Competitive Comparison of Tevano Systems Holdings's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Tevano Systems Holdings'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.

Tevano Systems Holdings's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tevano Systems Holdings's Debt-to-Equity distribution charts can be found below:

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

Tevano Systems Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tevano Systems Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.13	+	0)	/	-0.938
	=	-0.14

Tevano Systems Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.03	+	0.03)	/	-0.872
	=	-0.07

Tevano Systems Holdings (XCNQ:TEVO) 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.

Tevano Systems Holdings Debt-to-Equity Related Terms

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Tevano Systems Holdings (XCNQ:TEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tevano Systems Holdings Inc (XCNQ:TEVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TEVNF:USA 7RBA:Germany

Address

1030 West Georgia Street, Suite 1303, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.tevano.com

Tevano Systems Holdings Inc is in the business of designing, developing, marketing, and selling self-service kiosks for non-physical contact monitoring, testing temperatures and dispensing hand sanitizer for the post COVID-19 environment.

Executives

John Benjamin Sawchuk

10% Security Holder, Director, Senior Officer

Tevano Systems Holdings (XCNQ:TEVO) Headlines

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