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TBIXF (TrustBIX) Debt-to-Equity : -0.33 (As of Dec. 2024)


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What is TrustBIX Debt-to-Equity?

TrustBIX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.17 Mil. TrustBIX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.39 Mil. TrustBIX's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-1.67 Mil. TrustBIX's debt to equity for the quarter that ended in Dec. 2024 was -0.33.

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

TBIXF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.02   Med: -0.34   Max: 78.46
Current: -0.33

During the past 8 years, the highest Debt-to-Equity Ratio of TrustBIX was 78.46. The lowest was -5.02. And the median was -0.34.

TBIXF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs TBIXF: -0.33

TrustBIX Debt-to-Equity Historical Data

The historical data trend for TrustBIX'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.

TrustBIX Debt-to-Equity Chart

TrustBIX Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Debt-to-Equity
Get a 7-Day Free Trial 12.64 -3.13 76.50 -0.37 -0.34

TrustBIX Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Equity 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 -0.38 -0.37 -0.37 -0.34 -0.33

Competitive Comparison of TrustBIX's Debt-to-Equity

For the Software - Application subindustry, TrustBIX'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.


TrustBIX's Debt-to-Equity Distribution in the Software Industry

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

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


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TrustBIX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TrustBIX's Debt to Equity Ratio for the fiscal year that ended in Sep. 2024 is calculated as

TrustBIX's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


TrustBIX  (OTCPK:TBIXF) 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.


TrustBIX Debt-to-Equity Related Terms

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


TrustBIX Business Description

Traded in Other Exchanges
Address
9650 20 Avenue NW, Unit 137, Edmonton, AB, CAN, T6A 3N2
TrustBIX Inc goal is to create a world where trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company's segments are: ViewTrak, the development and sale of information solutions for the livestock industry and related services; BIX, which leverages blockchain derived technology and incentive solutions to deliver independent validation of food provenance and sustainable production practices within the agri-food supply chain; and AFS, which holds the exclusive Alberta territory license for a Controlled Environment Agriculture vertical indoor farming solution. Geographically, it operates in Canada, United States and Other countries.

TrustBIX Headlines