Tego Cyber (Tego Cyber) Debt-to-Equity : -0.72 (As of Mar. 2024)

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What is Tego Cyber Debt-to-Equity?

Tego Cyber's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.02 Mil. Tego Cyber's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Tego Cyber's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-1.43 Mil. Tego Cyber's debt to equity for the quarter that ended in Mar. 2024 was -0.71.

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

TGCB' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.09 Med: -0.68 Max: 3.23
Current: -0.72

During the past 4 years, the highest Debt-to-Equity Ratio of Tego Cyber was 3.23. The lowest was -6.09. And the median was -0.68.

TGCB's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TGCB: -0.72

Tego Cyber Debt-to-Equity Historical Data

The historical data trend for Tego Cyber'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.

Tego Cyber Debt-to-Equity Chart

Tego Cyber Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.03

-1.14

Tego Cyber Quarterly Data
	Dec19	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													-6.09	-1.14	-0.84	-0.68	-0.72

Competitive Comparison of Tego Cyber's Debt-to-Equity

For the Software - Infrastructure subindustry, Tego Cyber'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.

Tego Cyber's Debt-to-Equity Distribution in the Software Industry

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

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

Tego Cyber Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tego Cyber's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0.892)	/	-0.784
	=	-1.14

Tego Cyber'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
	=	(1.02	+	0)	/	-1.427
	=	-0.71

Tego Cyber (OTCPK:TGCB) 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.

Tego Cyber Debt-to-Equity Related Terms

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

Tego Cyber (Tego Cyber) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tego Cyber Inc (OTCPK:TGCB) » Definitions » Debt-to-Equity

Comparable Companies

OLB MARK JNVR SDCH DTSS RVYL BLIN INTZ CLOQ RKFL MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

8565 South Eastern Avenue, Suite 150, Las Vegas, NV, USA, 89123

Website

https://www.tegocyber.com

Tego Cyber Inc is engaged in the development and commercialization of cybersecurity services and solutions that reduce risk, prevent cyber-attacks and protect intellectual property and data. The products of the company are Threat Correlation, SIEM Integration, Threat Intelligence Feed, Databricks Integration and Amazon Security Lake.

Executives

Robert E Mikkelsen	officer: Chief Financial Officer	2033 N OVERFIELD RD, CASA GRANDE AZ 85194
Earl R Johnson	officer: CHIEF FINANCIAL OFFICER	8565 S EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Troy Wilkinson	director, 10 percent owner, officer: President	8565 S. EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Shannon Wilkinson	director, 10 percent owner, officer: CEO, CFO, Secretary, Treasurer	8565 S. EASTERN AVE., SUITE 150, LAS VEGAS NV 89123
Valera Michael De	director	8565 S. EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Christopher Craig White	director	8565 S. EASTERN AVE., SUITE 150, LAS VEGAS NV 89123