Tucows (TC) Ratios
Tucows Ratios
TSE:TC's free cash flow for Q2 2026 was $-3.12M. For the 2026 fiscal year, TSE:TC's free cash flow was decreased by $-5.05M and operating cash flow was $1.94M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.61 | 1.03 | 1.21 | 0.90 | 0.85 |
| Quick Ratio | 0.60 | 1.01 | 1.17 | 0.86 | 0.83 |
| Cash Ratio | 0.14 | 0.28 | 0.46 | 0.12 | 0.05 |
| Solvency Ratio | -0.03 | -0.08 | -0.06 | 0.02 | 0.07 |
| Operating Cash Flow Ratio | -0.02 | -0.10 | -0.02 | 0.11 | 0.17 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ -692.01M | $ -648.71M | $ -545.79M | $ -398.17M | $ -277.50M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.75 | 0.68 | 0.71 | 0.39 | 0.38 |
| Debt-to-Equity Ratio | -3.32 | -5.38 | 57.55 | 2.65 | 1.79 |
| Debt-to-Capital Ratio | 1.43 | 1.23 | 0.98 | 0.73 | 0.64 |
| Long-Term Debt-to-Capital Ratio | 1.52 | 1.25 | 0.98 | 0.71 | 0.62 |
| Financial Leverage Ratio | -4.45 | -7.96 | 80.85 | 6.88 | 4.69 |
| Debt Service Coverage Ratio | 0.48 | -0.18 | -0.13 | 1.82 | 7.79 |
| Interest Coverage Ratio | -0.26 | -1.19 | -1.52 | -2.17 | -1.68 |
| Debt to Market Cap | 1.94 | 2.56 | 1.86 | 0.65 | 0.21 |
| Interest Debt Per Share | 54.39 | 51.75 | 56.15 | 25.13 | 19.73 |
| Net Debt to EBITDA | 13.79 | -250.53 | -39.01 | 8.81 | 4.93 |
| Profitability Margins | |||||
| Gross Profit Margin | 23.11% | 22.92% | 32.08% | 24.37% | 25.73% |
| EBIT Margin | -2.60% | -13.10% | -17.34% | -4.11% | 3.91% |
| EBITDA Margin | 9.25% | -0.50% | -3.59% | 8.21% | 13.10% |
| Operating Profit Margin | -3.86% | -17.95% | -18.76% | -9.86% | -2.55% |
| Pretax Profit Margin | -17.25% | -28.12% | -30.37% | -8.65% | 2.39% |
| Net Profit Margin | -19.43% | -30.33% | -28.35% | -8.59% | 1.11% |
| Continuous Operations Profit Margin | -19.43% | -30.33% | -28.35% | -8.59% | 1.11% |
| Net Income Per EBT | 112.64% | 107.84% | 93.33% | 99.22% | 46.27% |
| EBT Per EBIT | 447.00% | 156.70% | 161.93% | 87.76% | -93.53% |
| Return on Assets (ROA) | -10.37% | -14.48% | -12.05% | -4.15% | 0.62% |
| Return on Equity (ROE) | 46.17% | 115.28% | -974.15% | -28.52% | 2.92% |
| Return on Capital Employed (ROCE) | -3.76% | -11.63% | -10.66% | -6.64% | -2.12% |
| Return on Invested Capital (ROIC) | -3.71% | -11.53% | -9.86% | -6.53% | -0.97% |
| Return on Tangible Assets | -13.05% | -18.20% | -15.07% | -5.58% | 0.94% |
| Earnings Yield | -30.55% | -58.44% | -32.79% | -7.55% | 0.38% |
| Efficiency Ratios | |||||
| Receivables Turnover | 15.86 | 17.17 | 14.36 | 12.34 | 16.16 |
| Payables Turnover | 30.32 | 31.00 | 18.18 | 14.15 | 22.57 |
| Inventory Turnover | 77.51 | 70.25 | 33.96 | 33.35 | 68.98 |
| Fixed Asset Turnover | 1.13 | 0.99 | 0.92 | 1.06 | 1.60 |
| Asset Turnover | 0.53 | 0.48 | 0.43 | 0.48 | 0.56 |
| Working Capital Turnover Ratio | -6.41 | 15.43 | 29.32 | -14.29 | -12.56 |
| Cash Conversion Cycle | 15.68 | 14.67 | 16.08 | 14.73 | 11.70 |
| Days of Sales Outstanding | 23.01 | 21.25 | 25.41 | 29.59 | 22.58 |
| Days of Inventory Outstanding | 4.71 | 5.20 | 10.75 | 10.95 | 5.29 |
| Days of Payables Outstanding | 12.04 | 11.78 | 20.07 | 25.80 | 16.17 |
| Operating Cycle | 27.72 | 26.45 | 36.16 | 40.54 | 27.88 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.52 | -1.80 | -0.44 | 1.85 | 2.78 |
| Free Cash Flow Per Share | -2.07 | -6.95 | -8.96 | -10.92 | -4.16 |
| Dividend Paid and CapEx Coverage Ratio | -0.34 | -0.35 | -0.05 | 0.14 | 0.40 |
| Capital Expenditure Coverage Ratio | -0.34 | -0.35 | -0.05 | 0.14 | 0.40 |
| Operating Cash Flow Coverage Ratio | -0.01 | -0.04 | -0.01 | 0.08 | 0.14 |
| Operating Cash Flow to Sales Ratio | -0.01 | -0.05 | -0.01 | 0.06 | 0.10 |
| Free Cash Flow Yield | -9.22% | -40.54% | -33.19% | -32.20% | -4.96% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -3.27 | -1.71 | -3.05 | -13.25 | 265.67 |
| Price-to-Sales (P/S) Ratio | 0.64 | 0.52 | 0.86 | 1.14 | 2.94 |
| Price-to-Book (P/B) Ratio | -1.51 | -1.97 | 29.70 | 3.78 | 7.77 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -10.85 | -2.47 | -3.01 | -3.11 | -20.17 |
| Price-to-Operating Cash Flow Ratio | -43.10 | -9.52 | -61.48 | 18.38 | 30.16 |
| Price-to-Earnings Growth (PEG) Ratio | 0.10 | -0.13 | -0.01 | 0.01 | -6.35 |
| Enterprise Value Multiple | 20.66 | -353.76 | -63.07 | 22.66 | 27.34 |
| Enterprise Value | 746.16M | 644.20M | 768.93M | 597.81M | 1.09B |
| EV to EBITDA | 20.66 | -353.76 | -63.07 | 22.66 | 27.34 |
| EV to Sales | 1.91 | 1.78 | 2.27 | 1.86 | 3.58 |
| EV to Free Cash Flow | -32.62 | -8.45 | -7.90 | -5.08 | -24.61 |
| EV to Operating Cash Flow | -129.59 | -32.63 | -161.17 | 30.08 | 36.79 |
| Tangible Book Value Per Share | -28.40 | -22.84 | -13.81 | -6.83 | -6.16 |
| Shareholders’ Equity Per Share | -14.84 | -8.69 | 0.91 | 8.98 | 10.79 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.13 | -0.08 | 0.07 | 0.01 | 0.54 |
| Revenue Per Share | 35.26 | 33.03 | 31.23 | 29.82 | 28.54 |
| Net Income Per Share | -6.85 | -10.02 | -8.85 | -2.56 | 0.32 |
| Tax Burden | 1.13 | 1.08 | 0.93 | 0.99 | 0.46 |
| Interest Burden | 6.65 | 2.15 | 1.75 | 2.11 | 0.61 |
| Research & Development to Revenue | 0.05 | 0.05 | 0.00 | 0.04 | 0.05 |
| SG&A to Revenue | 0.23 | 0.27 | 0.10 | 0.10 | 0.07 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 0.08 | 0.18 | 0.05 | -0.72 | 8.81 |
Currency in USD
