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Premier Exhibitions Inc (OTCPK:PRXI)
Debt to Equity
5.26 (As of Aug. 2015)

Premier Exhibitions Inc's current portion of long-term debt for the quarter that ended in Aug. 2015 was \$13.76 Mil. Premier Exhibitions Inc's long-term debt for the quarter that ended in Aug. 2015 was \$0.26 Mil. Premier Exhibitions Inc's total equity for the quarter that ended in Aug. 2015 was \$2.67 Mil. Premier Exhibitions Inc's debt to equity for the quarter that ended in Aug. 2015 was 5.26.

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.

Definition

Debt to Equity measures the financial leverage a company has.

Premier Exhibitions Inc's Debt to Equity Ratio for the fiscal year that ended in Feb. 2015 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (8.221 + 0.032) / 7.986 = 1.03

Premier Exhibitions Inc's Debt to Equity Ratio for the quarter that ended in Aug. 2015 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (13.758 + 0.258) / 2.666 = 5.26

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its Return on Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return on Equity companies.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Premier Exhibitions Inc Annual Data

 Feb06 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 deb2equity 0.07 0.00 0.00 0.00 0.00 0.00 0.07 0.42 0.08 1.03

Premier Exhibitions Inc Quarterly Data

 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 deb2equity 0.40 0.19 0.08 0.08 0.07 0.02 0.63 1.03 2.09 5.26
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