Petrosonic Energy (Petrosonic Energy) Debt-to-Equity : -0.21 (As of Sep. 2016)

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What is Petrosonic Energy Debt-to-Equity?

Petrosonic Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $0.20 Mil. Petrosonic Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $0.00 Mil. Petrosonic Energy's Total Stockholders Equity for the quarter that ended in Sep. 2016 was $-0.96 Mil. Petrosonic Energy's debt to equity for the quarter that ended in Sep. 2016 was -0.21.

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

PSON's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Petrosonic Energy Debt-to-Equity Historical Data

The historical data trend for Petrosonic Energy'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.

Petrosonic Energy Debt-to-Equity Chart

Petrosonic Energy Annual Data

Trend

Oct09

Oct10

Oct11

Dec13

Dec14

Dec15

Debt-to-Equity

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0.14

0.41

-0.26

Petrosonic Energy Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Sep12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Debt-to-Equity	Get a 7-Day Free Trial															1.67	-0.26	-0.23	-0.22	-0.21

Competitive Comparison of Petrosonic Energy's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Petrosonic Energy'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.

Petrosonic Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrosonic Energy's Debt-to-Equity distribution charts can be found below:

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

Petrosonic Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrosonic Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2015 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
	=	(0.2	+	0)	/	-0.759
	=	-0.26

Petrosonic Energy's Debt to Equity Ratio for the quarter that ended in Sep. 2016 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
	=	(0.2	+	0)	/	-0.955
	=	-0.21

Petrosonic Energy (GREY:PSON) 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.

Petrosonic Energy Debt-to-Equity Related Terms

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Petrosonic Energy (Petrosonic Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrosonic Energy Inc (GREY:PSON) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

N/A

Address

914 Westwood Boulevard, No. 545, Los Angeles, CA, USA, 90024

Website

http://www.petrosonic.net

Petrosonic Energy Inc is a development-stage company. It focuses on the sonic separation, treatment, and upgrading of heavy oil, and on the manufacture of synthetic fuel oil through emulsification of heavy crude oil and asphaltenes. The company's assets include technology relating to the treatment and upgrading of heavy oil by sonicated solvent de-asphalting, two sonic reactors, one located in Albania and one located in Richmond, British Columbia, Canada, and a solvent recovery system.