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Zoltek Companies, Inc. (NAS:ZOLT)
Debt to Equity
0.07 (As of Dec. 2013)

Zoltek Companies, Inc.'s current portion of long-term debt for the quarter that ended in Dec. 2013 was \$4.4 Mil. Zoltek Companies, Inc.'s long-term debt for the quarter that ended in Dec. 2013 was \$17.6 Mil. Zoltek Companies, Inc.'s total equity for the quarter that ended in Dec. 2013 was \$309.9 Mil. Zoltek Companies, Inc.'s debt to equity for the quarter that ended in Dec. 2013 was 0.07.

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.

Zoltek Companies, Inc.'s Debt to Equity Ratio for the fiscal year that ended in Sep. 2013 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (4.33 + 19.38) / 307.216 = 0.08

Zoltek Companies, Inc.'s Debt to Equity Ratio for the quarter that ended in Dec. 2013 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (4.416 + 17.597) / 309.947 = 0.07

* 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.

Zoltek Companies, Inc. Annual Data

 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 deb2equity 1.02 1.02 0.30 0.06 0.08 0.09 0.03 0.03 0.09 0.08

Zoltek Companies, Inc. Quarterly Data

 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 deb2equity 0.03 0.05 0.06 0.13 0.09 0.11 0.09 0.08 0.08 0.07
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