Tucows (TCX) Debt Ratio (2010 - 2026)
Tucows' (TCX) Debt Ratio stood at 0.40 in Q2 2026, up 3.4% from 0.39 a year earlier and up 0.6% from the prior quarter.
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Analysis
Tucows (TCX) Debt Ratio (2010 - 2026) Analysis & Trends
Starting with Q4 2010, Tucows' Debt Ratio history includes 60 quarters.
- Across earlier years, Debt Ratio came in at 0.38 in FY2024 (+35.8%), 0.28 in FY2023 (-22.3%), 0.36 in FY2022 (+1.7%) and 0.35 in FY2021 (+31.2%).
- The Q2 2026 figure is the highest quarterly Debt Ratio since Q2 2022.
- On a year-over-year basis, Debt Ratio has increased for nine consecutive quarters, with growth averaging 19.6% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 163.3% in Q2 2022, against a decline of 64.3% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.40 (Q1 2026), 0.40 (Q4 2025) and 0.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,965.60 Bn | 3,888.76 Bn | 60.48 Bn | 0.05 |
| 2 | International Business Machines | 226.19 Bn | 177.01 Bn | 9.91 Bn | 0.41 |
| 3 | Cloudflare | 104.39 Bn | 87.92 Bn | 499.52 Mn | 0.20 |
| 4 | Equinix | 96.94 Bn | 85.51 Bn | 1.40 Bn | 0.48 |
| 5 | Nebius | 41.16 Bn | 14.60 Bn | 448.70 Mn | 0.31 |
| 6 | CoreWeave | 34.35 Bn | 21.44 Bn | 1.70 Bn | 0.05 |
| 7 | Verisign | 27.91 Bn | 25.12 Bn | 384.60 Mn | 1.29 |
| 8 | Nutanix | 18.30 Bn | 9.99 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 14.31 Bn | 9.89 Bn | 828.20 Mn | 0.47 |
| 10 | Tucows | 104.41 Mn | -84.90 Mn | 25.78 Mn | 0.40 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.40 |
| Mar 31, 2026 | 0.40 |
| Dec 31, 2025 | 0.40 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.38 |
| Sep 30, 2024 | 0.36 |
| Jun 30, 2024 | 0.30 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 0.28 |
| Sep 30, 2023 | 0.27 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.36 |
| Sep 30, 2022 | 0.37 |
| Jun 30, 2022 | 0.76 |
| Mar 31, 2022 | 0.37 |
| Dec 31, 2021 | 0.35 |
| Sep 30, 2021 | 0.30 |
API Access
Tucows Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();