eFleets (eFleets) Debt-to-Equity : -0.80 (As of Jun. 2014)

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What is eFleets Debt-to-Equity?

eFleets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $3.46 Mil. eFleets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $2.01 Mil. eFleets's Total Stockholders Equity for the quarter that ended in Jun. 2014 was $-6.81 Mil. eFleets's debt to equity for the quarter that ended in Jun. 2014 was -0.80.

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

EFLT's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

eFleets Debt-to-Equity Historical Data

The historical data trend for eFleets'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.

eFleets Debt-to-Equity Chart

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Debt-to-Equity

-0.77

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Debt-to-Equity	Get a 7-Day Free Trial															-0.93	-0.77	-0.77	-0.79	-0.80

Competitive Comparison of eFleets's Debt-to-Equity

For the Auto Manufacturers subindustry, eFleets'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.

eFleets's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, eFleets's Debt-to-Equity distribution charts can be found below:

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

eFleets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

eFleets's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(1.423	+	2.966)	/	-5.674
	=	-0.77

eFleets's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3.461	+	2.007)	/	-6.812
	=	-0.80

eFleets (GREY:EFLT) 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.

eFleets Debt-to-Equity Related Terms

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eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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