TravelSky Technology (FRA:TVL) Debt-to-Equity : 0.07 (As of Jun. 2024)

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What is TravelSky Technology Debt-to-Equity?

TravelSky Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €184.5 Mil. TravelSky Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2.8 Mil. TravelSky Technology's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €2,749.6 Mil. TravelSky Technology's debt to equity for the quarter that ended in Jun. 2024 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 TravelSky Technology's Debt-to-Equity or its related term are showing as below:

FRA:TVL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of TravelSky Technology was 0.07. The lowest was 0.00. And the median was 0.01.

FRA:TVL's Debt-to-Equity is ranked better than
74.21% of 2210 companies
in the Software industry
Industry Median: 0.22 vs FRA:TVL: 0.07

TravelSky Technology Debt-to-Equity Historical Data

The historical data trend for TravelSky Technology'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.

TravelSky Technology Debt-to-Equity Chart

TravelSky Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.05

TravelSky Technology Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.05	0.05	0.07

Competitive Comparison of TravelSky Technology's Debt-to-Equity

For the Information Technology Services subindustry, TravelSky Technology'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.

TravelSky Technology's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, TravelSky Technology's Debt-to-Equity distribution charts can be found below:

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

TravelSky Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TravelSky Technology's Debt to Equity Ratio for the fiscal year 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
	=	(110.578	+	32.209)	/	2629.062
	=	0.05

TravelSky Technology's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(184.454	+	2.781)	/	2749.612
	=	0.07

TravelSky Technology (FRA:TVL) 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.

TravelSky Technology Debt-to-Equity Related Terms

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

TravelSky Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TravelSky Technology Ltd (FRA:TVL) » Definitions » Debt-to-Equity

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TSYHY:USA TSYHF:USA 00696:Hong Kong

Address

TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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