Green Energy Technology (LUX:GE144) Debt-to-Equity : -0.55 (As of Jun. 2019)

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What is Green Energy Technology Debt-to-Equity?

Green Energy Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $132.2 Mil. Green Energy Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.6 Mil. Green Energy Technology's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $-239.7 Mil. Green Energy Technology's debt to equity for the quarter that ended in Jun. 2019 was -0.55.

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

LUX:GE144's Debt-to-Equity is not ranked ^*
in the Semiconductors industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

Green Energy Technology Debt-to-Equity Historical Data

The historical data trend for Green Energy Technology'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 Energy Technology Debt-to-Equity Chart

Green Energy Technology Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.43

1.27

1.08

0.93

-1.78

Green Energy Technology Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19
Debt-to-Equity	Get a 7-Day Free Trial															1.00	1.37	3.63	-1.78	-0.55

Competitive Comparison of Green Energy Technology's Debt-to-Equity

For the Solar subindustry, Green Energy Technology'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 Energy Technology's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Green Energy Technology's Debt-to-Equity distribution charts can be found below:

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

Green Energy Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Energy Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(55.555	+	83.292)	/	-77.948
	=	-1.78

Green Energy Technology's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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
	=	(132.192	+	0.647)	/	-239.732
	=	-0.55

Green Energy Technology (LUX:GE144) 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 Energy Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Green Energy Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Energy Technology (LUX:GE144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Green Energy Technology Inc (LUX:GE144) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22, Chungshan North Road, Sector 3, Taipei, TWN

Website

http://www.getinc.com.tw

Green Energy Technology Inc is a solar technology company. The company is primarily engaged in the manufacturing and distribution of multi-crystal silicon solar wafers. Its products are classified into two segments, namely, Silicon Wafer and Thin Film. The key products consist of the polycrystalline solar silicon chip, polycrystalline solar silicon ingots, thin film solar modules. The company's main products, multi-crystalline solar wafers with different power outputs, are sold to solar cell and module manufacturers in major markets globally, such as Taiwan, China, Japan, Korea, India, Europe and the United States.

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