TESSCO Technologies Incorporated Debt/Equity

Debt/Equity of TESS for past 10 years: annual, quarterly and twelve month trailing (TTM) including Debt/Equity growth rates and interactive chart. The debt-to-equity (D/E) ratio is calculated by dividing a company's total interest-bearing liabilities by its shareholder equity. These numbers are available on the balance sheet of a company's financial statements. The ratio is used to evaluate a company's financial leverage. The debt/equity ratio can be compared to a company's historical average or to peers. A ratio above 1 indicates the company has more debt than equity and a ratio above 3 is considered high. Below 0.5 means the company has little debt and significant capacity to expand it.

Highlights and Quick Summary

  • Debt/Equity for the quarter ending March 30, 2021 was 0.55 (a 13.92% increase compared to previous quarter)
  • Year-over-year quarterly Debt/Equity increased by 12.36%
  • Annual Debt/Equity for 2021 was 0.55 (a 15.82% increase from previous year)
  • Annual Debt/Equity for 2020 was 0.47 (a 258.09% increase from previous year)
  • Annual Debt/Equity for 2019 was 0.13 (a 31.41% increase from previous year)
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Historical Debt/Equity of TESSCO Technologies Incorporated

Most recent Debt/Equityof TESS including historical data for past 10 years.

Interactive Chart of Debt/Equity of TESSCO Technologies Incorporated

TESSCO Technologies Incorporated Debt/Equity for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 0.55 0.55
2020 0.48 0.56 0.49 0.47 0.47
2019 0.43 0.45 0.2 0.13 0.13
2018 0.15 0.18 0.15 0.1 0.1
2017 0.06 0.12 0.08 0.0 0.0
2016 0.0 0.0 0.0 0.02 0.02
2015 0.02 0.02 0.02 0.02 0.02
2014 0.02 0.02 0.02 0.02 0.02
2013 0.02 0.02 0.11 0.03 0.03
2012 0.03 0.03 0.03 0.03 0.03
2011 0.03 0.04 0.04 0.04 0.04
2010 0.04 0.05 0.05

Business Profile of TESSCO Technologies Incorporated

Sector: Technology
Industry: Communication Equipment
TESSCO Technologies Incorporated architects and delivers product and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as connector installation, custom jumper assembly, site kitting, and logistics integration services. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products, as well as training classes, technical support, and engineering design services. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. Further, it provides mobile devices, such as cellular and smart phones; and data device accessories, including power supplies, cases, screen protectors, speakers, mobile amplifiers, bluetooth and corded headsets, mounts, car antennas, music accessories, and data and memory cards. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, value-added resellers, retail carrier stores and their independent agents, and other retailers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.