Graphjet Technology (Graphjet Technology) Debt-to-Equity : -1.57 (As of Sep. 2022)

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What is Graphjet Technology Debt-to-Equity?

Graphjet Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.49 Mil. Graphjet Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Graphjet Technology's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-0.31 Mil. Graphjet Technology's debt to equity for the quarter that ended in Sep. 2022 was -1.57.

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

GTI' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.57 Med: -1.57 Max: -1.57
Current: -1.57

During the past 1 years, the highest Debt-to-Equity Ratio of Graphjet Technology was -1.57. The lowest was -1.57. And the median was -1.57.

GTI's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.35 vs GTI: -1.57

Graphjet Technology Debt-to-Equity Historical Data

The historical data trend for Graphjet Technology'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.

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Graphjet Technology Debt-to-Equity Chart

Graphjet Technology Annual Data

Trend

Sep21

Debt-to-Equity

Graphjet Technology Semi-Annual Data
	Sep21	Sep22
Debt-to-Equity	-	-1.57

Competitive Comparison of Graphjet Technology's Debt-to-Equity

For the Specialty Chemicals subindustry, Graphjet Technology'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.

Graphjet Technology's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Graphjet Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Graphjet Technology's Debt to Equity Ratio for the fiscal year that ended in Sep. 2021 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	+	0)	/	-0.002
	=	0.00

Graphjet Technology's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(0.487	+	0)	/	-0.311
	=	-1.57

Graphjet Technology (NAS:GTI) 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.

Graphjet Technology Debt-to-Equity Related Terms

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Graphjet Technology (Graphjet Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphjet Technology (NAS:GTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No L4-E-8, Enterprise 4, Technology Park Malaysia Bukit Jalil, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.graphjettech.com

Graphjet Technology Sdn Bhd is a fast-growing organization that aims to be a global leader in generating value by producing the most innovative, green, and low-cost graphene, graphite and graphene-based anode materials. Graphjet is the owner of the state-of-the-art technology for the manufacture of artificial graphene and graphite used to produce critical raw materials used in a variety of industries. Its current primary business is to develop its palm-based artificial graphene and graphite manufacturing business with its proprietary patentable technology to utilize palm kernel shells in the process of manufacturing and production of artificial graphene and graphite and related application products.