TKLS (Trutankless) Debt-to-Asset : 2.20 (As of Jun. 2026)

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What is Trutankless Debt-to-Asset?

Trutankless TKLS -2.04% Debt-to-Asset is 2.20 as of Jun. 2026. The stock has 5 warning signs investors should review.

Trutankless's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $5.92 Mil. Trutankless's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $2.94 Mil. Trutankless's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was $4.03 Mil. Trutankless's debt to asset for the quarter that ended in Jun. 2026 was 2.20.

Trutankless  (OTCPK:TKLS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Trutankless Debt-to-Asset Related Terms

Trutankless Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Trutankless's Debt-to-Asset 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.

Trutankless Debt-to-Asset Chart

Trutankless Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.91 20.90 21.31 2.21 3.27

Trutankless Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.32 2.76 3.27 1.69 2.20

TKLS vs ZEPP, UEIC, GPRO: Debt-to-Asset Comparison

For the Furnishings, Fixtures & Appliances subindustry, Trutankless's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Trutankless Debt-to-Asset vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Trutankless's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Trutankless's Debt-to-Asset falls into.


Trutankless Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Trutankless's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(9.533 + 0.629) / 3.112
=3.27

Trutankless's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.924 + 2.944) / 4.034
=2.20

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 2.20 mean?
Trutankless (TKLS) has a Debt-to-Asset of 2.20 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Trutankless and its competitors.
Is Trutankless' Debt-to-Asset too high?
Trutankless' current Debt-to-Asset is 2.20.
How does Trutankless' Debt-to-Asset compare to ZEPP and UEIC?
Trutankless' Debt-to-Asset of 2.20 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Furnishings, Fixtures & Appliances company?
A good Debt-to-Asset depends on the Furnishings, Fixtures & Appliances industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Trutankless and its competitors. Trutankless's current Debt-to-Asset is 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trutankless stock overvalued right now?
Trutankless (TKLS) has a current Debt-to-Asset of 2.20. The current Debt-to-Asset is 2.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Trutankless (TKLS), the current Debt-to-Asset is 2.20 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Trutankless Business Description

Address 15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260
Trutankless Inc is involved in sales, marketing, research, and development of a high-quality, whole-house, smart electric tankless water heater that is more energy efficient than conventional products. The company anticipates tankless water heater, with Wi-Fi capability and TruTankless proprietary apps offered in the iOS and Android stores, will augment existing products in the home automation space.