TC (Token Cat) Debt-to-Equity : -6.13 (As of Jun. 2024)

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What is Token Cat Debt-to-Equity?

Token Cat's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2.35 Mil. Token Cat's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2.48 Mil. Token Cat's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-0.79 Mil. Token Cat's debt to equity for the quarter that ended in Jun. 2024 was -6.13.

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

TC' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.13 Med: 0.05 Max: 1.48
Current: -6.13

During the past 8 years, the highest Debt-to-Equity Ratio of Token Cat was 1.48. The lowest was -6.13. And the median was 0.05.

TC's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.26 vs TC: -6.13

Token Cat Debt-to-Equity Historical Data

The historical data trend for Token Cat'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.

Token Cat Debt-to-Equity Chart

Token Cat Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.06

0.19

1.48

Token Cat Semi-Annual Data
	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											0.11	0.19	0.31	1.48	-6.13

Competitive Comparison of Token Cat's Debt-to-Equity

For the Advertising Agencies subindustry, Token Cat'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.

Token Cat's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Token Cat's Debt-to-Equity distribution charts can be found below:

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

Token Cat Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Token Cat'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
	=	(2.77	+	1.274)	/	2.729
	=	1.48

Token Cat'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
	=	(2.345	+	2.48)	/	-0.787
	=	-6.13

Token Cat (NAS:TC) 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.

Token Cat Debt-to-Equity Related Terms

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Token Cat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Token Cat Ltd (NAS:TC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21 Yangfangdian Road, 9th Floor, Ruihai Building, Haidian District, Beijing, CHN, 100038

Website

https://www.tuanche.com

TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, and virtual dealership, online marketing services, and others. It organizes auto shows, for the purpose of facilitating transactions between consumers and auto dealers that include auto dealers, automakers, and automotive service providers. It provides services through its online platform and offline events.