TrustBIX (TSXV:TBIX) Debt-to-Equity : -0.37 (As of Jun. 2024)

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What is TrustBIX Debt-to-Equity?

TrustBIX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.25 Mil. TrustBIX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.52 Mil. TrustBIX's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$-2.06 Mil. TrustBIX's debt to equity for the quarter that ended in Jun. 2024 was -0.37.

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

TSXV:TBIX' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.02 Med: -0.37 Max: 78.46
Current: -0.37

During the past 7 years, the highest Debt-to-Equity Ratio of TrustBIX was 78.46. The lowest was -5.02. And the median was -0.37.

TSXV:TBIX's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.22 vs TSXV:TBIX: -0.37

TrustBIX Debt-to-Equity Historical Data

The historical data trend for TrustBIX'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.

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TrustBIX Debt-to-Equity Chart

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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12.81

-3.12

78.46

-0.37

TrustBIX 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															-0.86	-0.37	-0.38	-0.37	-0.37

Competitive Comparison of TrustBIX's Debt-to-Equity

For the Software - Application subindustry, TrustBIX'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.

TrustBIX's Debt-to-Equity Distribution in the Software Industry

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

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

TrustBIX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TrustBIX's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.114	+	0.599)	/	-1.95
	=	-0.37

TrustBIX'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
	=	(0.249	+	0.516)	/	-2.055
	=	-0.37

TrustBIX (TSXV:TBIX) 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.

TrustBIX Debt-to-Equity Related Terms

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

TrustBIX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrustBIX Inc (TSXV:TBIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

Executives

Lap Shing Kao	Director
James Edward Freeman	Senior Officer
Hubert Lau	Director, Senior Officer
Tony Gale Barlott	Director
William Shea Jameson	Director
Gordon Mah	Senior Officer
Edward Kent Power	Director, Senior Officer
Fredrick John Ruzicka	Director
David Douglas Schuster	Director
Hugh Zhen	Director

TrustBIX Headlines

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