McHenry Metals Golf (McHenry Metals Golf) Debt-to-Equity : -0.44 (As of Sep. 2001)

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What is McHenry Metals Golf Debt-to-Equity?

McHenry Metals Golf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2001 was $0.67 Mil. McHenry Metals Golf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2001 was $0.25 Mil. McHenry Metals Golf's Total Stockholders Equity for the quarter that ended in Sep. 2001 was $-2.09 Mil. McHenry Metals Golf's debt to equity for the quarter that ended in Sep. 2001 was -0.44.

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 McHenry Metals Golf's Debt-to-Equity or its related term are showing as below:

GLFN's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

McHenry Metals Golf Debt-to-Equity Historical Data

The historical data trend for McHenry Metals Golf'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.

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McHenry Metals Golf Debt-to-Equity Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Debt-to-Equity

-0.27

-0.56

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Debt-to-Equity	Get a 7-Day Free Trial			-0.79	-0.56	-0.49	-0.48	-0.44

Competitive Comparison of McHenry Metals Golf's Debt-to-Equity

For the Leisure subindustry, McHenry Metals Golf'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.

McHenry Metals Golf's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, McHenry Metals Golf's Debt-to-Equity distribution charts can be found below:

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

McHenry Metals Golf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McHenry Metals Golf's Debt to Equity Ratio for the fiscal year that ended in Dec. 2000 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
	=	(0.493	+	0.592)	/	-1.925
	=	-0.56

McHenry Metals Golf's Debt to Equity Ratio for the quarter that ended in Sep. 2001 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
	=	(0.668	+	0.25)	/	-2.09
	=	-0.44

McHenry Metals Golf (OTCPK:GLFN) 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.

McHenry Metals Golf Debt-to-Equity Related Terms

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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