Dayton Power & Light Co (Dayton Power & Light Co) Debt-to-Equity : 1.06 (As of Jun. 2016)

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What is Dayton Power & Light Co Debt-to-Equity?

Dayton Power & Light Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $444.60 Mil. Dayton Power & Light Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $313.80 Mil. Dayton Power & Light Co's Total Stockholders Equity for the quarter that ended in Jun. 2016 was $716.80 Mil. Dayton Power & Light Co's debt to equity for the quarter that ended in Jun. 2016 was 1.06.

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 Dayton Power & Light Co's Debt-to-Equity or its related term are showing as below:

DAYTP.PFD's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.86
* Ranked among companies with meaningful Debt-to-Equity only.

Dayton Power & Light Co Debt-to-Equity Historical Data

The historical data trend for Dayton Power & Light Co'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.

Dayton Power & Light Co Debt-to-Equity Chart

Dayton Power & Light Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-Equity

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0.67

0.70

0.73

14.57

0.65

Dayton Power & Light Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.66	0.65	0.61	1.06

Competitive Comparison of Dayton Power & Light Co's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Dayton Power & Light Co'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.

Dayton Power & Light Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Dayton Power & Light Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dayton Power & Light Co's Debt-to-Equity falls into.

Dayton Power & Light Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dayton Power & Light Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(478.1	+	313.6)	/	1212.7
	=	0.65

Dayton Power & Light Co's Debt to Equity Ratio for the quarter that ended in Jun. 2016 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
	=	(444.6	+	313.8)	/	716.8
	=	1.06

Dayton Power & Light Co (OTCPK:DAYTP.PFD) 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.

Dayton Power & Light Co Debt-to-Equity Related Terms

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Dayton Power & Light Co (Dayton Power & Light Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Dayton Power & Light Co (OTCPK:DAYTP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.dpandl.com

Dayton Power & Light Co an Ohio corporation is a public utility incorporated in 1911. The Company sells electricity to residential, commercial, industrial and governmental customers in a 6,000 square mile area of West Central Ohio. Electricity for the Company's 24 county service area is generated at eight coal-fired power plants and is distributed to more than 513,000 retail customers. Principal industries served include automotive, food processing, paper, plastic, manufacturing and defense. It sells any excess energy and capacity into the wholesale market. It also sells electricity to DPLER, an affiliate, to satisfy the electric requirements of its retail customers. The Company's electric transmission and distribution businesses are subject to rate regulation by federal and state regulators while its generation business is not subject to such regulation.

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