Banneker (Banneker) Debt-to-Equity : 0.54 (As of Dec. 2000)

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What is Banneker Debt-to-Equity?

Banneker's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2000 was $1.14 Mil. Banneker's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2000 was $0.06 Mil. Banneker's Total Stockholders Equity for the quarter that ended in Dec. 2000 was $2.22 Mil. Banneker's debt to equity for the quarter that ended in Dec. 2000 was 0.54.

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

BANI's Debt-to-Equity is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.61
* Ranked among companies with meaningful Debt-to-Equity only.

Banneker Debt-to-Equity Historical Data

The historical data trend for Banneker'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.

Banneker Debt-to-Equity Chart

Banneker Annual Data

Trend

Mar98

Debt-to-Equity

0.67

Banneker Quarterly Data
	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00
Debt-to-Equity	Get a 7-Day Free Trial									-	0.17	0.02	0.48	0.54

Competitive Comparison of Banneker's Debt-to-Equity

For the Luxury Goods subindustry, Banneker'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.

Banneker's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Banneker's Debt-to-Equity distribution charts can be found below:

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

Banneker Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banneker's Debt to Equity Ratio for the fiscal year that ended in Mar. 2098 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
	=	(1.2	+	0)	/	1.8
	=	0.67

Banneker's Debt to Equity Ratio for the quarter that ended in Dec. 2000 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
	=	(1.143	+	0.064)	/	2.217
	=	0.54

Banneker (OTCPK:BANI) 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.

Banneker Debt-to-Equity Related Terms

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

Banneker (Banneker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Banneker Inc (OTCPK:BANI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1660 South Albion Street, Suite 318, Denver, CO, USA, 80222

Website

https://www.bannekerstore.com

Banneker Inc is designing and manufacturing different types of clocks and watches. The company is engaged in watch making and wholesale jewelry company founded on the basis of fashion, elegance, and watch design can all converge together to create a work of art.

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