Endocoal (ASX:EOC) Debt-to-Equity : 0.03 (As of Dec. 2012)

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What is Endocoal Debt-to-Equity?

Endocoal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was A$1.02 Mil. Endocoal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was A$0.00 Mil. Endocoal's Total Stockholders Equity for the quarter that ended in Dec. 2012 was A$37.97 Mil. Endocoal's debt to equity for the quarter that ended in Dec. 2012 was 0.03.

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

ASX:EOC's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Endocoal Debt-to-Equity Historical Data

The historical data trend for Endocoal'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.

Endocoal Debt-to-Equity Chart

Endocoal Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Debt-to-Equity

0.01

0.02

0.01

Endocoal Quarterly Data
	Dec10	Jun11	Dec11	Jun12	Dec12
Debt-to-Equity	0.03	0.02	-	0.01	0.03

Competitive Comparison of Endocoal's Debt-to-Equity

For the Coking Coal subindustry, Endocoal'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.

Endocoal's Debt-to-Equity Distribution in the Steel Industry

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

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

Endocoal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Endocoal's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.12	+	0.122)	/	39.785
	=	0.01

Endocoal's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(1.017	+	0)	/	37.974
	=	0.03

Endocoal (ASX:EOC) 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.

Endocoal Debt-to-Equity Related Terms

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Endocoal (ASX:EOC) Business Description

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