TESI (Titan Environmental Solutions) Debt-to-Equity : -6.10 (As of Sep. 2024)

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What is Titan Environmental Solutions Debt-to-Equity?

Titan Environmental Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $9.67 Mil. Titan Environmental Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.41 Mil. Titan Environmental Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-2.64 Mil. Titan Environmental Solutions's debt to equity for the quarter that ended in Sep. 2024 was -6.10.

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 Titan Environmental Solutions's Debt-to-Equity or its related term are showing as below:

TESI' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.1 Med: -0.88 Max: 10.69
Current: -6.1

During the past 7 years, the highest Debt-to-Equity Ratio of Titan Environmental Solutions was 10.69. The lowest was -6.10. And the median was -0.88.

TESI's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.64 vs TESI: -6.10

Titan Environmental Solutions Debt-to-Equity Historical Data

The historical data trend for Titan Environmental Solutions'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.

Titan Environmental Solutions Debt-to-Equity Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.49

-1.10

-1.96

1.62

2.33

Titan Environmental Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.97	2.33	3.60	1.64	-6.10

Competitive Comparison of Titan Environmental Solutions's Debt-to-Equity

For the Waste Management subindustry, Titan Environmental Solutions'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.

Titan Environmental Solutions's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Titan Environmental Solutions's Debt-to-Equity distribution charts can be found below:

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

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Titan Environmental Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titan Environmental Solutions'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
	=	(7.899	+	4.466)	/	5.299
	=	2.33

Titan Environmental Solutions's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(9.669	+	6.409)	/	-2.635
	=	-6.10

Titan Environmental Solutions (OTCPK:TESI) 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.

Titan Environmental Solutions Debt-to-Equity Related Terms

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

Titan Environmental Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 E. Long Lake Road, Suite 100A, Bloomfield Hills, MI, USA, 48304

Website

https://www.titancares.com

Titan Environmental Solutions Inc is an integrated provider of non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions. It currently has the majority of its operations in Michigan but is looking to expand its presence across the Midwest, Northeast and Southeast regions of the United States.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540