GLUX (Great Lakes Aviation) Debt-to-Equity: 1.15 (As of Sep. 2015)

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What is Great Lakes Aviation Debt-to-Equity?

Great Lakes Aviation GLUX -99.00% Debt-to-Equity is 1.15 as of Sep. 2015.

Great Lakes Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $27.50 Mil. Great Lakes Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $0.00 Mil. Great Lakes Aviation's Total Stockholders Equity for the quarter that ended in Sep. 2015 was $23.84 Mil. Great Lakes Aviation's debt to equity for the quarter that ended in Sep. 2015 was 1.15.

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 Great Lakes Aviation's Debt-to-Equity or its related term are showing as below:

GLUX's Debt-to-Equity is not ranked *
in the Transportation industry.
Industry Median: 0.54
* Ranked among companies with meaningful Debt-to-Equity only.

Great Lakes Aviation  (OTCPK:GLUX) 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.

Great Lakes Aviation Debt-to-Equity Related Terms

Great Lakes Aviation Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation Debt-to-Equity Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 0.82 0.67 0.63 0.80

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 0.76 0.80 0.84 0.99 1.15

GLUX vs MESA: Debt-to-Equity Comparison

For the Airlines subindustry, Great Lakes Aviation'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.

Great Lakes Aviation Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Great Lakes Aviation's Debt-to-Equity distribution charts can be found below:

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


Great Lakes Aviation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great Lakes Aviation'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
=(0 + 25) / 31.247
=0.80

Great Lakes Aviation's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(27.5 + 0) / 23.839
=1.15

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.15 mean?
Great Lakes Aviation (GLUX) has a Debt-to-Equity of 1.15 as of Sep. 2015. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Great Lakes Aviation and its competitors.
Is Great Lakes Aviation's Debt-to-Equity too high?
Great Lakes Aviation's current Debt-to-Equity is 1.15. The Transportation industry median Debt-to-Equity is 0.54. Great Lakes Aviation's value of 1.15 is 113% above this industry median.
How does Great Lakes Aviation's Debt-to-Equity compare to MESA?
Great Lakes Aviation's Debt-to-Equity of 1.15 can be compared against companies in the Transportation industry. The industry median Debt-to-Equity is 0.54. Great Lakes Aviation's value of 1.15 is 113% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.54, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Great Lakes Aviation's current Debt-to-Equity of 1.15 is 113% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Great Lakes Aviation and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Lakes Aviation's current Debt-to-Equity is 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current Debt-to-Equity of 1.15. The current Debt-to-Equity is 1.15 and 113% above the Transportation industry median of 0.54. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Great Lakes Aviation (GLUX), the current Debt-to-Equity is 1.15 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.