Tirex (TXMC) Debt-to-Equity : -0.14 (As of Jun. 2009)

View and export this data going back to 2008. Start your Free Trial

What is Tirex Debt-to-Equity?

Tirex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $0.68 Mil. Tirex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $0.00 Mil. Tirex's Total Stockholders Equity for the quarter that ended in Jun. 2009 was $-4.98 Mil. Tirex's debt to equity for the quarter that ended in Jun. 2009 was -0.14.

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

TXMC's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Tirex Debt-to-Equity Historical Data

The historical data trend for Tirex'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.

Tirex Debt-to-Equity Chart

Tirex Annual Data

Trend

Jun00

Jun01

Jun02

Jun06

Jun07

Jun08

Jun09

Jun14

Debt-to-Equity

Get a 7-Day Free Trial

-0.48

-0.50

-0.14

-0.12

Tirex Semi-Annual Data
	Jun00	Jun01	Jun02	Jun06	Jun07	Jun08	Jun09	Jun14
Debt-to-Equity	Get a 7-Day Free Trial			-0.48	-0.50	-0.14	-0.14	-0.12

Competitive Comparison of Tirex's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Tirex'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.

Tirex's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tirex's Debt-to-Equity distribution charts can be found below:

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

Tirex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tirex's Debt to Equity Ratio for the fiscal year that ended in Jun. 2009 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
	=	(0.676	+	0)	/	-4.981
	=	-0.14

Tirex's Debt to Equity Ratio for the quarter that ended in Jun. 2009 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
	=	(0.676	+	0)	/	-4.981
	=	-0.14

Tirex (OTCPK:TXMC) 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.

Tirex Debt-to-Equity Related Terms

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

Tirex (TXMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tirex Corp (OTCPK:TXMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1771 Post Road East, Westport, CT, USA, 06880

Website

http://www.tirex-tcs.com

Tirex Corp is engaged in the business of developing for sale, licensing or environmentally safe, patented, semi cryogenic turn key tire recycling system.

Tirex (TXMC) Headlines

No Headlines