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Avitar (Avitar) Debt-to-Equity : -0.57 (As of Dec. 2007)


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What is Avitar Debt-to-Equity?

Avitar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2007 was $2.23 Mil. Avitar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2007 was $4.07 Mil. Avitar's Total Stockholders Equity for the quarter that ended in Dec. 2007 was $-11.10 Mil. Avitar's debt to equity for the quarter that ended in Dec. 2007 was -0.57.

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

AVTI's Debt-to-Equity is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Avitar Debt-to-Equity Historical Data

The historical data trend for Avitar'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.

Avitar Debt-to-Equity Chart

Avitar Annual Data
Trend Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.99 -0.30 -0.35 -0.46 -0.54

Avitar Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.47 -0.45 -0.52 -0.54 -0.57

Competitive Comparison of Avitar's Debt-to-Equity

For the Medical Devices subindustry, Avitar'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.


Avitar's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Avitar's Debt-to-Equity distribution charts can be found below:

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



Avitar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avitar's Debt to Equity Ratio for the fiscal year that ended in Sep. 2007 is calculated as

Avitar's Debt to Equity Ratio for the quarter that ended in Dec. 2007 is calculated as

* 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.


Avitar  (OTCPK:AVTI) 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.


Avitar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Avitar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Avitar (Avitar) Business Description

Traded in Other Exchanges
N/A
Address
5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9
Website
Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.

Avitar (Avitar) Headlines