Green Ballast (Green Ballast) Debt-to-Equity : -0.76 (As of Dec. 2014)

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What is Green Ballast Debt-to-Equity?

Green Ballast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2014 was $4.21 Mil. Green Ballast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2014 was $0.00 Mil. Green Ballast's Total Stockholders Equity for the quarter that ended in Dec. 2014 was $-5.54 Mil. Green Ballast's debt to equity for the quarter that ended in Dec. 2014 was -0.76.

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

GBLL's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Green Ballast Debt-to-Equity Historical Data

The historical data trend for Green Ballast'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.

Green Ballast Debt-to-Equity Chart

Green Ballast Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Debt-to-Equity

-3.04

-0.88

-0.69

-0.76

Green Ballast Quarterly Data
	Sep11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Dec13	Dec14
Debt-to-Equity	Get a 7-Day Free Trial				-0.88	-0.76	-0.76	-0.69	-0.76

Competitive Comparison of Green Ballast's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Green Ballast'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.

Green Ballast's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Green Ballast's Debt-to-Equity distribution charts can be found below:

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

Green Ballast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Ballast'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
	=	(4.21	+	0)	/	-5.541
	=	-0.76

Green Ballast's Debt to Equity Ratio for the quarter 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
	=	(4.21	+	0)	/	-5.541
	=	-0.76

Green Ballast (GREY:GBLL) 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.

Green Ballast Debt-to-Equity Related Terms

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Green Ballast (Green Ballast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Green Ballast Inc (GREY:GBLL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2620 Thousand Oaks Boulevard, Suite 4000, Memphis, TN, USA, 38118

Website

http://www.greenballastinc.com

Green Ballast Inc develops, markets and distributes energy-efficient electronic ballasts for fluorescent fixtures in the lighting industry. The company's electronic ballast is used with a fluorescent bulb to regulate the amount of electric current delivered to start and operate the bulb. It offers energy-efficient electronic ballasts as an alternative to traditional ballasts and existing daylight harvesting ballasts. Its product daylight harvesting ballasts can be applied to two-lamp, three-lamp, or four-lamp light fixtures.

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