CTBG (Coil Tubing Technology) Debt-to-Equity: 1.31 (As of Sep. 2015)

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What is Coil Tubing Technology Debt-to-Equity?

Coil Tubing Technology CTBG Debt-to-Equity is 1.31 as of Sep. 2015.

Coil Tubing Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $0.13 Mil. Coil Tubing Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $5.26 Mil. Coil Tubing Technology's Total Stockholders Equity for the quarter that ended in Sep. 2015 was $4.12 Mil. Coil Tubing Technology's debt to equity for the quarter that ended in Sep. 2015 was 1.31.

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

CTBG's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Coil Tubing Technology  (OTCPK:CTBG) 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.

Coil Tubing Technology Debt-to-Equity Related Terms

Coil Tubing Technology Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Coil Tubing 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.

Coil Tubing Technology Debt-to-Equity Chart

Coil Tubing Technology Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Debt-to-Equity
0.06 0.03 0.17 0.72

Coil Tubing Technology Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 0.14 0.72 0.94 1.02 1.31

CTBG vs ESES, BMMCF, FLSS: Debt-to-Equity Comparison

For the Oil & Gas Equipment & Services subindustry, Coil Tubing 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.

Coil Tubing Technology Debt-to-Equity vs Oil & Gas Industry

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

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


Coil Tubing Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coil Tubing Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2014 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
=(0.19 + 4.623) / 6.687
=0.72

Coil Tubing Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.131 + 5.261) / 4.121
=1.31

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.31 mean?
Coil Tubing Technology (CTBG) has a Debt-to-Equity of 1.31 as of Sep. 2015. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Coil Tubing Technology and its competitors.
Is Coil Tubing Technology's Debt-to-Equity too high?
Coil Tubing Technology's current Debt-to-Equity is 1.31. The Oil & Gas industry median Debt-to-Equity is 0.45. Coil Tubing Technology's value of 1.31 is 191.1% above this industry median.
How does Coil Tubing Technology's Debt-to-Equity compare to ESES and BMMCF?
Coil Tubing Technology's Debt-to-Equity of 1.31 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. Coil Tubing Technology's value of 1.31 is 191.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coil Tubing Technology's current Debt-to-Equity of 1.31 is 191.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Coil Tubing Technology and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coil Tubing Technology's current Debt-to-Equity is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coil Tubing Technology stock overvalued right now?
Coil Tubing Technology (CTBG) has a current Debt-to-Equity of 1.31. The current Debt-to-Equity is 1.31 and 191.1% above the Oil & Gas industry median of 0.45. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current Debt-to-Equity is 1.31 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry EnergyOil & Gas
Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067
Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.