TECFF (Teco 2030 ASA) Debt-to-Equity : 3.42 (As of Jun. 2024)

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What is Teco 2030 ASA Debt-to-Equity?

Teco 2030 ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.88 Mil. Teco 2030 ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $11.66 Mil. Teco 2030 ASA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $3.67 Mil. Teco 2030 ASA's debt to equity for the quarter that ended in Jun. 2024 was 3.42.

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 Teco 2030 ASA's Debt-to-Equity or its related term are showing as below:

TECFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 1.71 Max: 36.86
Current: 3.42

During the past 5 years, the highest Debt-to-Equity Ratio of Teco 2030 ASA was 36.86. The lowest was 0.03. And the median was 1.71.

TECFF's Debt-to-Equity is ranked worse than
98.4% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs TECFF: 3.42

Teco 2030 ASA Debt-to-Equity Historical Data

The historical data trend for Teco 2030 ASA'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.

Teco 2030 ASA Debt-to-Equity Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.63

0.23

1.18

2.10

36.85

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial											1.27	4.17	3.97	36.85	3.42

Competitive Comparison of Teco 2030 ASA's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Teco 2030 ASA'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.

Teco 2030 ASA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco 2030 ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Teco 2030 ASA's Debt-to-Equity falls into.

Teco 2030 ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teco 2030 ASA'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
	=	(0.844	+	19.239)	/	0.545
	=	36.85

Teco 2030 ASA'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
	=	(0.883	+	11.66)	/	3.67
	=	3.42

Teco 2030 ASA (OTCPK:TECFF) 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.

Teco 2030 ASA Debt-to-Equity Related Terms

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Teco 2030 ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OTCPK:TECFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TECO:Norway TE9:Germany

Address

Lysaker Torg 45, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the Europe, United States of America, South America and Asia, of which the Europe accounts for the majority of the revenue.