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Therma BrightTSXV:THRM Debt-to-Equity is -0.02 as of Apr. 2026. The stock has 5 warning signs investors should review. Among 702 Medical Devices & Instruments companies, Therma Bright ranks worse than 142450% on this metric.
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 Therma Bright's Debt-to-Equity or its related term are showing as below:
TSXV:THRM'
s Debt-to-Equity Range Over the Past 10 Years
Min: -2.71 Med: -0.01 Max: 8.3
Current: -0.02
During the past 13 years, the highest Debt-to-Equity Ratio of Therma Bright was 8.30. The lowest was -2.71. And the median was -0.01.
TSXV:THRM's Debt-to-Equity is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.22
vs TSXV:THRM: -0.02
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.
Therma Bright Debt-to-Equity Related Terms
Therma Bright Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Therma Bright'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.
TSXV:THRM vs ABT, SYK, MDT: Debt-to-Equity Comparison
For the Medical Devices subindustry, Therma Bright'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.
Therma Bright Debt-to-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Therma Bright's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Therma Bright's Debt-to-Equity falls into.
* 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.
Therma Bright (TSXV:THRM) has a Debt-to-Equity of -0.02 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Therma Bright and its competitors. According to the industry distribution chart, Therma Bright ranks #999999 out of 702 companies in the Medical Devices & Instruments industry.
Is Therma Bright's Debt-to-Equity too high?
Therma Bright's current Debt-to-Equity is -0.02. Based on the distribution chart, Therma Bright ranks #999999 out of 702 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers.
How does Therma Bright's Debt-to-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Therma Bright ranks #999999 out of 702 companies for Debt-to-Equity. This places Therma Bright in the lower half of its industry. The industry median Debt-to-Equity is 0.22. 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 Medical Devices & Instruments company?
The median Debt-to-Equity among Medical Devices & Instruments companies is 0.22, based on 702 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. 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 Therma Bright and its competitors. For the Medical Devices & Instruments industry, the median Debt-to-Equity is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Therma Bright's current Debt-to-Equity is -0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Therma Bright stock overvalued right now?
Therma Bright (TSXV:THRM) has a current Debt-to-Equity of -0.02. The current Debt-to-Equity is -0.02. 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 Therma Bright (TSXV:THRM), the current Debt-to-Equity is -0.02 as of Apr. 2026. 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.
Therma Bright Inc is a developer and partner in a range of proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with solutions to address important medical and healthcare challenges. The Company is developing, acquiring, manufacturing and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace focused on 3 key strategic areas: respiratory disease, vascular health, and consumer medical devices.
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