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Covista Communications (Covista Communications) Debt-to-Equity : 0.02 (As of Apr. 2005)


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What is Covista Communications Debt-to-Equity?

Covista Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2005 was $0.26 Mil. Covista Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2005 was $0.00 Mil. Covista Communications's Total Stockholders Equity for the quarter that ended in Apr. 2005 was $13.48 Mil. Covista Communications's debt to equity for the quarter that ended in Apr. 2005 was 0.02.

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

CVST's Debt-to-Equity is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

Covista Communications Debt-to-Equity Historical Data

The historical data trend for Covista Communications'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.

Covista Communications Debt-to-Equity Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 3.05 0.24 0.17 0.04

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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 0.30 0.26 0.07 0.04 0.02

Competitive Comparison of Covista Communications's Debt-to-Equity

For the Telecom Services subindustry, Covista Communications'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.


Covista Communications's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's Debt-to-Equity distribution charts can be found below:

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



Covista Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Covista Communications's Debt to Equity Ratio for the fiscal year that ended in Jan. 2005 is calculated as

Covista Communications's Debt to Equity Ratio for the quarter that ended in Apr. 2005 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.


Covista Communications  (OTCPK:CVST) 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.


Covista Communications Debt-to-Equity Related Terms

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


Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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