AZ Electronic Materials (LSE:ZEMA) Debt-to-Equity : 0.52 (As of Dec. 2013)

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What is AZ Electronic Materials Debt-to-Equity?

AZ Electronic Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was £25.86 Mil. AZ Electronic Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was £194.65 Mil. AZ Electronic Materials's Total Stockholders Equity for the quarter that ended in Dec. 2013 was £427.49 Mil. AZ Electronic Materials's debt to equity for the quarter that ended in Dec. 2013 was 0.52.

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 AZ Electronic Materials's Debt-to-Equity or its related term are showing as below:

LSE:ZEMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 0.52

LSE:ZEMA's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.35 vs LSE:ZEMA: 0.52

AZ Electronic Materials Debt-to-Equity Historical Data

The historical data trend for AZ Electronic Materials'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.

AZ Electronic Materials Debt-to-Equity Chart

AZ Electronic Materials Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Debt-to-Equity

-2.20

0.87

0.66

0.53

0.52

AZ Electronic Materials Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Debt-to-Equity	Get a 7-Day Free Trial			0.66	0.65	0.53	0.57	0.52

Competitive Comparison of AZ Electronic Materials's Debt-to-Equity

For the Specialty Chemicals subindustry, AZ Electronic Materials'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.

AZ Electronic Materials's Debt-to-Equity Distribution in the Chemicals Industry

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

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

AZ Electronic Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AZ Electronic Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(25.864	+	194.651)	/	427.488
	=	0.52

AZ Electronic Materials's Debt to Equity Ratio for the quarter that ended in Dec. 2013 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
	=	(25.864	+	194.651)	/	427.488
	=	0.52

AZ Electronic Materials (LSE:ZEMA) 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.

AZ Electronic Materials Debt-to-Equity Related Terms

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AZ Electronic Materials (LSE:ZEMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AZ Electronic Materials SA (LSE:ZEMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.azem.com

AZ Electronic Materials SA is a Luxembourg- based company engaged in producing and supplying specialty chemicals. It focuses on three business areas Integrated Circuits which involves dielectrics, underlayers, yield enhancers, CMP slurries and pattern enhancers, Display Materials and AZ products such as specialty chemicals and materials used in integrated circuits and devise as well as flat panel displays and photolithographic printing.

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