Kelyniam Global (Kelyniam Global) Debt-to-Equity : -0.60 (As of Mar. 2008)

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What is Kelyniam Global Debt-to-Equity?

Kelyniam Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2008 was $0.03 Mil. Kelyniam Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2008 was $0.02 Mil. Kelyniam Global's Total Stockholders Equity for the quarter that ended in Mar. 2008 was $-0.08 Mil. Kelyniam Global's debt to equity for the quarter that ended in Mar. 2008 was -0.60.

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

KLYG's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.22
* Ranked among companies with meaningful Debt-to-Equity only.

Kelyniam Global Debt-to-Equity Historical Data

The historical data trend for Kelyniam Global'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.

Kelyniam Global Debt-to-Equity Chart

Kelyniam Global Annual Data

Trend

Dec06

Dec07

Debt-to-Equity

-2.92

-0.75

Kelyniam Global Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08
Debt-to-Equity	Get a 7-Day Free Trial			-2.96	-1.19	-1.28	-0.75	-0.60

Competitive Comparison of Kelyniam Global's Debt-to-Equity

For the Medical Devices subindustry, Kelyniam Global'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.

Kelyniam Global's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kelyniam Global's Debt-to-Equity distribution charts can be found below:

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

Kelyniam Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kelyniam Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2007 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
	=	(0.031	+	0.023)	/	-0.072
	=	-0.75

Kelyniam Global's Debt to Equity Ratio for the quarter that ended in Mar. 2008 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
	=	(0.028	+	0.021)	/	-0.082
	=	-0.60

Kelyniam Global (OTCPK:KLYG) 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.

Kelyniam Global Debt-to-Equity Related Terms

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Kelyniam Global (Kelyniam Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kelyniam Global Inc (OTCPK:KLYG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

97 River Road, Suite A, Canton, CT, USA, 06019

Website

https://www.kelyniam.com

Kelyniam Global Inc is a medical device manufacturing company that specializes in the production of custom skull implants utilizing computer-aided design and bio-compatible medical grade polymers.