TPTW (TPT Global Tech) Debt-to-Equity : -0.49 (As of Jun. 2024)

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What is TPT Global Tech Debt-to-Equity?

TPT Global Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $18.08 Mil. TPT Global Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.49 Mil. TPT Global Tech's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-37.86 Mil. TPT Global Tech's debt to equity for the quarter that ended in Jun. 2024 was -0.49.

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

TPTW' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.96 Med: -0.84 Max: 18.69
Current: -0.49

During the past 13 years, the highest Debt-to-Equity Ratio of TPT Global Tech was 18.69. The lowest was -2.96. And the median was -0.84.

TPTW's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs TPTW: -0.49

TPT Global Tech Debt-to-Equity Historical Data

The historical data trend for TPT Global Tech'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.

TPT Global Tech Debt-to-Equity Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.97

-0.90

-0.80

-0.52

-0.46

TPT Global Tech Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-0.53	-0.54	-0.46	-0.41	-0.49

Competitive Comparison of TPT Global Tech's Debt-to-Equity

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Debt-to-Equity distribution charts can be found below:

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

TPT Global Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TPT Global Tech'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
	=	(19.025	+	0.68)	/	-43.106
	=	-0.46

TPT Global Tech'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
	=	(18.084	+	0.489)	/	-37.858
	=	-0.49

TPT Global Tech (OTCPK:TPTW) 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.

TPT Global Tech Debt-to-Equity Related Terms

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TPT Global Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).