Trutankless (TKLS) Debt Ratio (2010 - 2026)
Trutankless (TKLS) posted Debt Ratio of 0.28 for Q2 2026, up 19.95% on a QoQ basis from 0.24 in Q1 2026, and down 42.09% year-over-year from 0.49 in Q2 2025.
Analysis
Trutankless (TKLS) Debt Ratio (2010 - 2026) Analysis & Trends
Trutankless has reported Debt Ratio for 16 years, with the latest figure at 0.28 in Q2 2026.
- On a quarterly basis, Debt Ratio fell 42.09% year-over-year to 0.28 in Q2 2026; TTM through Jun 2026 was 0.28, a 42.09% decrease from a year earlier, with the FY2025 full-year figure at 0.49, up 43.35% from the prior year.
- Debt Ratio was 0.28 for Q2 2026 at Trutankless, up from 0.24 in the prior quarter.
- The five-year high for Debt Ratio was 9.49 in Q1 2023, with the low at 0.24 in Q1 2026.
- Average Debt Ratio over 5 years is 3.75, with a median of 3.4 recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio soared 1030.86% in 2022, then tumbled 95.74% in 2024.
- Over 5 years, Debt Ratio stood at 7.77 in 2022, then climbed by 3.68% to 8.05 in 2023, then sank by 95.74% to 0.34 in 2024, then surged by 43.35% to 0.49 in 2025, then tumbled by 42.22% to 0.28 in 2026.
- The last three Debt Ratio figures came in at 0.28 (Q2 2026), 0.24 (Q1 2026), and 0.49 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 0.19 |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 0.26 |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 0.01 |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 0.32 |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 0.35 |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | 0.16 |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 0.17 |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 0.17 |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 0.23 |
| 10 | Trutankless | 70.52 Mn | 70.37 Mn | 300,215.00 | 0.28 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.28 |
| Mar 31, 2026 | 0.24 |
| Dec 31, 2025 | 0.49 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.56 |
| Dec 31, 2024 | 0.34 |
| Sep 30, 2024 | 0.73 |
| Jun 30, 2024 | 2.33 |
| Mar 31, 2024 | 4.47 |
| Dec 31, 2023 | 8.05 |
| Sep 30, 2023 | 4.64 |
| Jun 30, 2023 | 7.96 |
| Mar 31, 2023 | 9.49 |
| Dec 31, 2022 | 7.77 |
| Sep 30, 2022 | 5.64 |
| Jun 30, 2022 | 5.04 |
| Mar 31, 2022 | 8.48 |
| Dec 31, 2021 | 5.84 |
| Sep 30, 2021 | 0.92 |