TOBAF (TAAT Global Alternatives) Debt-to-Equity: 32.25 (As of Jul. 2024)

What is TAAT Global Alternatives Debt-to-Equity?

TAAT Global Alternatives TOBAF 10 Debt-to-Equity is 32.25 as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

TAAT Global Alternatives's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $3.91 Mil. TAAT Global Alternatives's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.22 Mil. TAAT Global Alternatives's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $0.13 Mil. TAAT Global Alternatives's debt to equity for the quarter that ended in Jul. 2024 was 32.25.

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 TAAT Global Alternatives's Debt-to-Equity or its related term are showing as below:

TOBAF's Debt-to-Equity is not ranked ^*
in the Tobacco Products industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

TAAT Global Alternatives (OTCPK:TOBAF) 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.

TAAT Global Alternatives Debt-to-Equity Related Terms

TAAT Global Alternatives Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives Debt-to-Equity Chart

TAAT Global Alternatives Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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-1.38

0.02

0.30

0.83

-77.78

TAAT Global Alternatives Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															2.83	-77.78	-9.10	23.66	32.25

TOBAF vs VPRB, XXII, CBDW: Debt-to-Equity Comparison

For the Tobacco subindustry, TAAT Global Alternatives'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.

TAAT Global Alternatives Debt-to-Equity vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Debt-to-Equity distribution charts can be found below:

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

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TAAT Global Alternatives Inc TOBAF

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TAAT Global Alternatives Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TAAT Global Alternatives's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(4.356	+	1.944)	/	-0.081
	=	-77.78

TAAT Global Alternatives's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(3.909	+	0.219)	/	0.128
	=	32.25

Frequently Asked Questions Learn more about Debt-to-Equity →

What does a Debt-to-Equity of 32.25 mean?

TAAT Global Alternatives (TOBAF) has a Debt-to-Equity of 32.25 as of Jul. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TAAT Global Alternatives and its competitors.

Is TAAT Global Alternatives' Debt-to-Equity too high?

TAAT Global Alternatives' current Debt-to-Equity is 32.25. The Tobacco Products industry median Debt-to-Equity is 0.37. TAAT Global Alternatives' value of 32.25 is 8616.2% above this industry median. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.

How does TAAT Global Alternatives' Debt-to-Equity compare to VPRB and XXII?

TAAT Global Alternatives' Debt-to-Equity of 32.25 can be compared against companies in the Tobacco Products industry. The industry median Debt-to-Equity is 0.37. TAAT Global Alternatives' value of 32.25 is 8616.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Debt-to-Equity for a Tobacco Products company?

The median Debt-to-Equity among Tobacco Products companies is 0.37, based on 35 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TAAT Global Alternatives's current Debt-to-Equity of 32.25 is 8616.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Debt-to-Equity mean?

A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TAAT Global Alternatives and its competitors. For the Tobacco Products industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAAT Global Alternatives's current Debt-to-Equity is 32.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TAAT Global Alternatives stock overvalued right now?

TAAT Global Alternatives (TOBAF) has a current Debt-to-Equity of 32.25. The current Debt-to-Equity is 32.25 and 8616.2% above the Tobacco Products industry median of 0.37. TAAT Global Alternatives' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Debt-to-Equity calculated?

Debt-to-Equity is calculated from a company's financial statements. For TAAT Global Alternatives (TOBAF), the current Debt-to-Equity is 32.25 as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TAAT Global Alternatives Business Description

Industry Consumer Defensive Tobacco Products

Comparable Companies VPRB XXII CBDW KAVL GNLN ECGS PM LSE:BATS MO NSE:ITC TSE:2914 LSE:IMB HKSE:06969 XKRX:033780 BOM:500163 XZIM:BAT.ZW ISX:HMSP BOM:539533 HKSE:06055 XPRA:TABAK

Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.

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