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MMTC (Micro Imaging Technology) Debt-to-Equity : -0.28 (As of Jul. 2014)


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What is Micro Imaging Technology Debt-to-Equity?

Micro Imaging Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2014 was $0.39 Mil. Micro Imaging Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2014 was $0.00 Mil. Micro Imaging Technology's Total Stockholders Equity for the quarter that ended in Jul. 2014 was $-1.42 Mil. Micro Imaging Technology's debt to equity for the quarter that ended in Jul. 2014 was -0.28.

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

MMTC'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.

Micro Imaging Technology Debt-to-Equity Historical Data

The historical data trend for Micro Imaging 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.

Micro Imaging Technology Debt-to-Equity Chart

Micro Imaging Technology Annual Data
Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.35 -0.50 -0.34 -0.54 -0.28

Micro Imaging Technology Quarterly Data
Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14
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 -0.07 -0.28 -0.29 -0.28 -0.28

Competitive Comparison of Micro Imaging Technology's Debt-to-Equity

For the Medical Devices subindustry, Micro Imaging 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.


Micro Imaging Technology's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

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



Micro Imaging Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Micro Imaging Technology's Debt to Equity Ratio for the fiscal year that ended in Oct. 2013 is calculated as

Micro Imaging Technology's Debt to Equity Ratio for the quarter that ended in Jul. 2014 is calculated as

* 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.


Micro Imaging Technology  (OTCPK:MMTC) 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.


Micro Imaging Technology Debt-to-Equity Related Terms

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


Micro Imaging Technology Business Description

Traded in Other Exchanges
N/A
Address
970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673
Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.
Executives
Anthony M Frank other: 5% owner

Micro Imaging Technology Headlines

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