Tangiamo Touch Technology AB (OSTO:TANGI) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Tangiamo Touch Technology AB Debt-to-Equity?

Tangiamo Touch Technology AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.00 Mil. Tangiamo Touch Technology AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.00 Mil. Tangiamo Touch Technology AB's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr16.82 Mil. Tangiamo Touch Technology AB's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Tangiamo Touch Technology AB's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Tangiamo Touch Technology AB was 0.10. The lowest was 0.00. And the median was 0.05.

OSTO:TANGI's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Tangiamo Touch Technology AB Debt-to-Equity Historical Data

The historical data trend for Tangiamo Touch Technology AB'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.

Tangiamo Touch Technology AB Debt-to-Equity Chart

Tangiamo Touch Technology AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.01

Tangiamo Touch Technology AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Tangiamo Touch Technology AB's Debt-to-Equity

For the Gambling subindustry, Tangiamo Touch Technology AB'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.

Tangiamo Touch Technology AB's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tangiamo Touch Technology AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tangiamo Touch Technology AB's Debt-to-Equity falls into.

Tangiamo Touch Technology AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tangiamo Touch Technology AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	0)	/	18.527
	=	0.00

Tangiamo Touch Technology AB'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
	=	(0	+	0)	/	16.822
	=	0.00

Tangiamo Touch Technology AB (OSTO:TANGI) 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.

Tangiamo Touch Technology AB Debt-to-Equity Related Terms

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Tangiamo Touch Technology AB (OSTO:TANGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tangiamo Touch Technology AB (OSTO:TANGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5J7:Germany

Address

Marieholmsgatan 10C, Gothenburg, SWE, 415 02

Website

https://www.tangiamo.com

Tangiamo Touch Technology AB designs, develops and manufactures multi-player gaming systems for casinos and arcades, electronic. The company operates in touch technology, electronic table games, and online gaming. Its software allows players to play on the tables from mobiles and tablets, either within the casino.

Tangiamo Touch Technology AB (OSTO:TANGI) Headlines

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