Tronics Microsystems (XPAR:ALTRO) Debt-to-Equity : -4.29 (As of Sep. 2023)

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What is Tronics Microsystems Debt-to-Equity?

Tronics Microsystems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €26.91 Mil. Tronics Microsystems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.97 Mil. Tronics Microsystems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €-6.50 Mil. Tronics Microsystems's debt to equity for the quarter that ended in Sep. 2023 was -4.29.

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

XPAR:ALTRO' s Debt-to-Equity Range Over the Past 10 Years
Min: -33.75 Med: -1.9 Max: 0.75
Current: -4.29

During the past 11 years, the highest Debt-to-Equity Ratio of Tronics Microsystems was 0.75. The lowest was -33.75. And the median was -1.90.

XPAR:ALTRO's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26 vs XPAR:ALTRO: -4.29

Tronics Microsystems Debt-to-Equity Historical Data

The historical data trend for Tronics Microsystems'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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Tronics Microsystems Debt-to-Equity Chart

Tronics Microsystems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-2.62

-2.35

-1.90

-33.75

-3.90

Tronics Microsystems Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-1.85	-33.75	-4.34	-3.90	-4.29

Competitive Comparison of Tronics Microsystems's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Tronics Microsystems'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.

Tronics Microsystems's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Tronics Microsystems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tronics Microsystems's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(18.584	+	1.164)	/	-5.07
	=	-3.90

Tronics Microsystems's Debt to Equity Ratio for the quarter 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
	=	(26.908	+	0.97)	/	-6.503
	=	-4.29

Tronics Microsystems (XPAR:ALTRO) 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.

Tronics Microsystems Debt-to-Equity Related Terms

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Tronics Microsystems (XPAR:ALTRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tronics Microsystems (XPAR:ALTRO) » Definitions » Debt-to-Equity

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Address

98 rue du Pré de l’Horme, Crolles, Cedex, FRA, 38926

Website

http://www.tronicsgroup.com

Tronics Microsystems is a MEMS manufacturer. The company manufactures accelerometers, gyroscopes, micropumps, pressure sensors, switches, biodetectors, and other MEMS, as well as providing MEMS foundry and wafer fab manufacturing solutions. The products of the company are used in the aviation sector, medical sector, and oil & gas sector.

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