Taiga Motors (Taiga Motors) Debt-to-Equity : -4.88 (As of Mar. 2024)

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What is Taiga Motors Debt-to-Equity?

Taiga Motors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.61 Mil. Taiga Motors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $49.45 Mil. Taiga Motors's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-11.09 Mil. Taiga Motors's debt to equity for the quarter that ended in Mar. 2024 was -4.88.

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 Taiga Motors's Debt-to-Equity or its related term are showing as below:

TAIMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -83.95 Med: 0.09 Max: 2.39
Current: -4.88

During the past 7 years, the highest Debt-to-Equity Ratio of Taiga Motors was 2.39. The lowest was -83.95. And the median was 0.09.

TAIMF's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs TAIMF: -4.88

Taiga Motors Debt-to-Equity Historical Data

The historical data trend for Taiga Motors'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.

Taiga Motors Debt-to-Equity Chart

Taiga Motors Annual Data

Trend

May17

May18

May19

May20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.07

-0.94

0.10

0.19

-83.98

Taiga Motors Quarterly Data
	May18	May19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.77	1.22	2.39	-83.98	-4.88

Competitive Comparison of Taiga Motors's Debt-to-Equity

For the Recreational Vehicles subindustry, Taiga Motors'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.

Taiga Motors's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Taiga Motors's Debt-to-Equity distribution charts can be found below:

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

Taiga Motors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiga Motors'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
	=	(1.155	+	49.654)	/	-0.605
	=	-83.98

Taiga Motors's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(4.614	+	49.45)	/	-11.087
	=	-4.88

Taiga Motors (OTCPK:TAIMF) 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.

Taiga Motors Debt-to-Equity Related Terms

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Taiga Motors (Taiga Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Taiga Motors Corp (OTCPK:TAIMF) » Definitions » Debt-to-Equity

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TAIG:Canada

Address

2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8

Website

https://www.taigamotors.com

Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.