Telescope Innovations (XCNQ:TELI) Debt-to-Equity : 0.84 (As of Feb. 2024)

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What is Telescope Innovations Debt-to-Equity?

Telescope Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.09 Mil. Telescope Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.96 Mil. Telescope Innovations's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$2.43 Mil. Telescope Innovations's debt to equity for the quarter that ended in Feb. 2024 was 0.84.

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

XCNQ:TELI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.35 Med: -0.13 Max: 0.84
Current: 0.84

During the past 5 years, the highest Debt-to-Equity Ratio of Telescope Innovations was 0.84. The lowest was -0.35. And the median was -0.13.

XCNQ:TELI's Debt-to-Equity is ranked worse than
84.02% of 1070 companies
in the Biotechnology industry
Industry Median: 0.14 vs XCNQ:TELI: 0.84

Telescope Innovations Debt-to-Equity Historical Data

The historical data trend for Telescope Innovations'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.

Telescope Innovations Debt-to-Equity Chart

Telescope Innovations Annual Data

Trend

Dec19

Dec20

Aug21

Aug22

Aug23

Debt-to-Equity

-0.22

-0.12

Telescope Innovations Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial												-	-	-	0.71	0.84

Competitive Comparison of Telescope Innovations's Debt-to-Equity

For the Biotechnology subindustry, Telescope Innovations'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.

Telescope Innovations's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Telescope Innovations's Debt-to-Equity distribution charts can be found below:

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

Telescope Innovations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Telescope Innovations's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	2.577
	=	0.00

Telescope Innovations's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.087	+	1.956)	/	2.433
	=	0.84

Telescope Innovations (XCNQ:TELI) 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.

Telescope Innovations Debt-to-Equity Related Terms

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Telescope Innovations (XCNQ:TELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Telescope Innovations Corp (XCNQ:TELI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TELIF:USA

Address

301 – 2386 East Mall, Vancouver, BC, CAN, V6T 1Z3

Website

https://www.telescopeinnovations.com

Telescope Innovations Corp is a technology company that intends to focus on development as a Contract Research Organization (CRO) to develop intellectual property, contract research, and building automation products. The Company has one operating segment that generates revenues from two revenue streams, contract research services and sale of automation products.

Executives

Alidad Pejman

Director

Telescope Innovations (XCNQ:TELI) Headlines

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