Titomic (ASX:TTT) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Titomic Debt-to-Equity?

Titomic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.24 Mil. Titomic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Titomic's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$0.68 Mil. Titomic's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

ASX:TTT' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.98 Med: 0.09 Max: 0.35
Current: 0.35

During the past 6 years, the highest Debt-to-Equity Ratio of Titomic was 0.35. The lowest was -2.98. And the median was 0.09.

ASX:TTT's Debt-to-Equity is ranked better than
50.86% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs ASX:TTT: 0.35

Titomic Debt-to-Equity Historical Data

The historical data trend for Titomic'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.

Titomic Debt-to-Equity Chart

Titomic Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

0.19

-2.98

Titomic Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.22	0.19	-	-2.98	0.35

Competitive Comparison of Titomic's Debt-to-Equity

For the Specialty Chemicals subindustry, Titomic'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.

Titomic's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Titomic's Debt-to-Equity distribution charts can be found below:

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

Titomic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titomic's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.425	+	0.705)	/	-0.715
	=	-2.98

Titomic's Debt to Equity Ratio for the quarter 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
	=	(0.241	+	0)	/	0.68
	=	0.35

Titomic (ASX:TTT) 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.

Titomic Debt-to-Equity Related Terms

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

Titomic (ASX:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Titomic Ltd (ASX:TTT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T04:Germany

Address

365 Ferntree Gully Road, Ground Floor, Mount Waverley, VIC, AUS, 3149

Website

https://www.titomic.com

Titomic Ltd specializes in leveraging advanced materials and a new additive manufacturing technology. The company operates in three geographical segments; located in Australia, the USA, and the Netherlands. The company specializes in manufacturing and technology solutions for high-performance metal additive manufacturing, metal coatings, and repairs using its unique patented Titomic Kinetic Fusion cold spray technology with its principal activities in the global defense, aerospace, mining, energy, and transport industries.

Titomic (ASX:TTT) Headlines

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