Cal Bay International (Cal Bay International) Debt-to-Equity : 0.04 (As of Sep. 2006)

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What is Cal Bay International Debt-to-Equity?

Cal Bay International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.34 Mil. Cal Bay International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.00 Mil. Cal Bay International's Total Stockholders Equity for the quarter that ended in Sep. 2006 was $9.60 Mil. Cal Bay International's debt to equity for the quarter that ended in Sep. 2006 was 0.04.

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 Cal Bay International's Debt-to-Equity or its related term are showing as below:

CBYI's Debt-to-Equity is not ranked ^*
in the Capital Markets industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Cal Bay International Debt-to-Equity Historical Data

The historical data trend for Cal Bay International'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.

Cal Bay International Debt-to-Equity Chart

Cal Bay International Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Debt-to-Equity

0.22

-0.29

-0.32

0.04

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.26	0.08	0.04

Competitive Comparison of Cal Bay International's Debt-to-Equity

For the Capital Markets subindustry, Cal Bay International'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.

Cal Bay International's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cal Bay International's Debt-to-Equity distribution charts can be found below:

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

Cal Bay International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cal Bay International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2005 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
	=	(0.34	+	0)	/	9.599
	=	0.04

Cal Bay International's Debt to Equity Ratio for the quarter that ended in Sep. 2006 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
	=	(0.34	+	0)	/	9.599
	=	0.04

Cal Bay International (OTCPK:CBYI) 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.

Cal Bay International Debt-to-Equity Related Terms

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Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.