Tech Central (Tech Central) Debt-to-Equity : -0.09 (As of Sep. 2019)

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What is Tech Central Debt-to-Equity?

Tech Central's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.06 Mil. Tech Central's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil. Tech Central's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $-0.68 Mil. Tech Central's debt to equity for the quarter that ended in Sep. 2019 was -0.09.

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

TCHC's Debt-to-Equity is not ranked ^*
in the Media - Diversified industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Tech Central Debt-to-Equity Historical Data

The historical data trend for Tech Central'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.

Tech Central Debt-to-Equity Chart

Tech Central Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

Tech Central Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial												-	-	-	-0.05	-0.09

Competitive Comparison of Tech Central's Debt-to-Equity

For the Entertainment subindustry, Tech Central'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.

Tech Central's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tech Central's Debt-to-Equity distribution charts can be found below:

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

Tech Central Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tech Central's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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)	/	0.099
	=	0.00

Tech Central's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(0.06	+	0)	/	-0.681
	=	-0.09

Tech Central (OTCPK:TCHC) 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.

Tech Central Debt-to-Equity Related Terms

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Tech Central (Tech Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tech Central Inc (OTCPK:TCHC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

43537 Ridge Park Drive, Abundance Building, Temecula, CA, USA, 92590

Website

http://www.techcentralinc.com

Tech Central Inc is active in the multi-media industry in the United States. Its business involves assisting its clients in website content development, especially video shots and photography. It produces high-quality video content for corporate interviews, applications and celebrity endorsements. In addition, it offers ad copywriting and voiceovers. The company's major revenue component is the fees earned from movies and commercial video work offered to its customers in the United States.