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Cynotech Holdings Limited (NZSE:CYTHA.PFD) Debt-to-Equity : -1.07 (As of Mar. 2013)


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What is Cynotech Holdings Limited Debt-to-Equity?

Cynotech Holdings Limited's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was NZ$4.10 Mil. Cynotech Holdings Limited's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was NZ$0.00 Mil. Cynotech Holdings Limited's Total Stockholders Equity for the quarter that ended in Mar. 2013 was NZ$-3.85 Mil. Cynotech Holdings Limited's debt to equity for the quarter that ended in Mar. 2013 was -1.07.

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 Cynotech Holdings Limited's Debt-to-Equity or its related term are showing as below:

NZSE:CYTHA.PFD's Debt-to-Equity is not ranked *
in the Conglomerates industry.
Industry Median: 0.56
* Ranked among companies with meaningful Debt-to-Equity only.

Cynotech Holdings Limited Debt-to-Equity Historical Data

The historical data trend for Cynotech Holdings Limited'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.

Cynotech Holdings Limited Debt-to-Equity Chart

Cynotech Holdings Limited Annual Data
Trend Dec07 Dec08 Dec09 Mar11 Mar12 Mar13
Debt-to-Equity
Get a 7-Day Free Trial 0.07 0.79 0.79 -0.70 -1.07

Cynotech Holdings Limited Semi-Annual Data
Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 - -0.70 -3.79 -1.07

Competitive Comparison of Cynotech Holdings Limited's Debt-to-Equity

For the Conglomerates subindustry, Cynotech Holdings Limited'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.


Cynotech Holdings Limited's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Cynotech Holdings Limited's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cynotech Holdings Limited's Debt-to-Equity falls into.



Cynotech Holdings Limited Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cynotech Holdings Limited's Debt to Equity Ratio for the fiscal year that ended in Mar. 2013 is calculated as

Cynotech Holdings Limited's Debt to Equity Ratio for the quarter that ended in Mar. 2013 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.


Cynotech Holdings Limited  (NZSE:CYTHA.PFD) 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.


Cynotech Holdings Limited Debt-to-Equity Related Terms

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


Cynotech Holdings Limited (NZSE:CYTHA.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Cynotech Holdings Limited (CYT-NZ) incorporates the following: Food manufacturing, Satellite Phone operations and a Finance Group.

Cynotech Holdings Limited (NZSE:CYTHA.PFD) Headlines

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