GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » Debt-to-Equity

NoFire Technologies (NoFire Technologies) Debt-to-Equity

: -0.17 (As of May. 2010)
View and export this data going back to . Start your Free Trial

NoFire Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2010 was $1.23 Mil. NoFire Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2010 was $0.00 Mil. NoFire Technologies's Total Stockholders Equity for the quarter that ended in May. 2010 was $-7.09 Mil. NoFire Technologies's debt to equity for the quarter that ended in May. 2010 was -0.17.

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

NFTI's Debt-to-Equity is not ranked *
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

NoFire Technologies Debt-to-Equity Historical Data

The historical data trend for NoFire 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.

NoFire Technologies Annual Data
Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.32 -0.30 -0.17 -0.11 -0.19

NoFire Technologies Quarterly Data
Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.11 -0.19 -0.17 -0.15 -0.17

Competitive Comparison

For the Specialty Chemicals subindustry, NoFire 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.


NoFire Technologies Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, NoFire Technologies's Debt-to-Equity distribution charts can be found below:

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



NoFire Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NoFire Technologies's Debt to Equity Ratio for the fiscal year that ended in Aug. 2009 is calculated as

NoFire Technologies's Debt to Equity Ratio for the quarter that ended in May. 2010 is calculated as

* 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.


NoFire Technologies  (OTCPK:NFTI) 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.


NoFire Technologies Debt-to-Equity Related Terms

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


NoFire Technologies (NoFire Technologies) Business Description

Traded in Other Exchanges
N/A
Address
5 James Street, South Hackensack, NJ, USA, 07606
NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.
Executives
Andrew H Tisch 10 percent owner 667 MADISON AVE, NEW YORK NY 10021-8087

NoFire Technologies (NoFire Technologies) Headlines

No Headlines