Daystar Technologies (Daystar Technologies) Debt-to-Equity : 2.12 (As of Sep. 2012)

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What is Daystar Technologies Debt-to-Equity?

Daystar Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2012 was $5.64 Mil. Daystar Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2012 was $0.00 Mil. Daystar Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2012 was $2.66 Mil. Daystar Technologies's debt to equity for the quarter that ended in Sep. 2012 was 2.12.

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 Daystar Technologies's Debt-to-Equity or its related term are showing as below:

DSTI's Debt-to-Equity is not ranked ^*
in the Semiconductors industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

Daystar Technologies Debt-to-Equity Historical Data

The historical data trend for Daystar Technologies'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.

Daystar Technologies Debt-to-Equity Chart

Daystar Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Debt-to-Equity

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0.01

0.07

1.41

1.23

Daystar Technologies Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Debt-to-Equity	Get a 7-Day Free Trial															1.02	1.23	1.28	1.38	2.12

Competitive Comparison of Daystar Technologies's Debt-to-Equity

For the Semiconductors subindustry, Daystar Technologies'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.

Daystar Technologies's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Daystar Technologies's Debt-to-Equity distribution charts can be found below:

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

Daystar Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daystar Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2011 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
	=	(4.921	+	0)	/	3.987
	=	1.23

Daystar Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2012 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
	=	(5.641	+	0)	/	2.664
	=	2.12

Daystar Technologies (OTCPK:DSTI) 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.

Daystar Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Daystar Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Daystar Technologies (Daystar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Daystar Technologies Inc (OTCPK:DSTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.daystartech.com

DayStar Technologies, Inc., a Delaware corporation, was incorporated in February 1997. It completed its initial public offering in February 2004. It is a development stage enterprise, which develops, manufactures and markets products for the solar photovoltaic (PV) industry. The Company has developed a proprietary thin film deposition technology for solar photovoltaic (PV) products. It utilizes a proprietary one-step sputter deposition process and has manufactured a commercial scale deposition tool to apply high-efficiency copper indium gallium diselenide (CIGS) material over large area glass substrates in a continuous fashion. The Company intends to integrate this tool with commercially available thin film manufacturing equipment, which will provide it with a critically differentiated manufacturing process to produce low-cost monolithically integrated, CIGS-on-glass modules that address the grid-tied, ground-based PV market. It has initiated construction of its initial module production line. To facilitate its entry into the addressable solar PV market, it has entered into a contract with Blitzstrom GmbH, one of thin film solar PV integrators, that commits Blitzstrom to purchase a minimum of 50% of its production through 2011, subject to these products meeting defined performance criteria. The solar electricity industry currently supplies modules used in solar PV systems primarily for grid-connected systems.

Executives

William Steckel	director	2972 STENDER WAY, SANTA CLARA CA 95054
Richard C Green	director	4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211
Kevin S Flannery	director
Richard Nevins	director	20580 PALMER AVENUE, SONOMA CA 95476
Scott M Schecter	director
Lampe, Conway & Co. Llc	10 percent owner	680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital International Llc	10 percent owner	C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Advisors Llc	10 percent owner	C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Richard F Conway	10 percent owner	C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Steven Lampe	10 percent owner	C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Master Fund Ltd	10 percent owner	C/O TRIDENT FUND SERVICES (BVI) LIMITED, PO BOX 146, WATERFRONT DR, WICKHAMS CAY, ROAD TOWN, TORTOLA D8 00000
Lc Capital Partners Lp	10 percent owner	680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Quercus Trust	other: Former 10% Owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Steven Aragon	officer: Vice-President Engineering	355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660

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