PJET (Priority Aviation) Debt-to-Equity: -0.72 (As of Jun. 2011)

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What is Priority Aviation Debt-to-Equity?

Priority Aviation PJET -99.00% Debt-to-Equity is -0.72 as of Jun. 2011.

Priority Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2011 was $4.14 Mil. Priority Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2011 was $0.00 Mil. Priority Aviation's Total Stockholders Equity for the quarter that ended in Jun. 2011 was $-5.74 Mil. Priority Aviation's debt to equity for the quarter that ended in Jun. 2011 was -0.72.

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

PJET's Debt-to-Equity is not ranked *
in the Drug Manufacturers industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Priority Aviation  (OTCPK:PJET) 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.

Priority Aviation Debt-to-Equity Related Terms

Priority Aviation Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Priority 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.

Priority Aviation Debt-to-Equity Chart

Priority Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Debt-to-Equity
Get a 7-Day Free Trial -0.01 -0.07 -0.09 -1.09 -0.86

Priority Aviation Quarterly Data
Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11
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 -0.90 -1.02 -0.86 -0.77 -0.72

PJET vs PHIIQ, SKAS: Debt-to-Equity Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Priority 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.

Priority Aviation Debt-to-Equity vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Priority Aviation's Debt-to-Equity distribution charts can be found below:

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


Priority Aviation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Priority Aviation's Debt to Equity Ratio for the fiscal year that ended in Dec. 2010 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
=(4.722 + 0) / -5.503
=-0.86

Priority Aviation's Debt to Equity Ratio for the quarter that ended in Jun. 2011 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
=(4.135 + 0) / -5.741
=-0.72

* 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 -0.72 mean?
Priority Aviation (PJET) has a Debt-to-Equity of -0.72 as of Jun. 2011. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Priority Aviation and its competitors.
Is Priority Aviation's Debt-to-Equity too high?
Priority Aviation's current Debt-to-Equity is -0.72.
How does Priority Aviation's Debt-to-Equity compare to PHIIQ and SKAS?
Priority Aviation's Debt-to-Equity of -0.72 can be compared against companies in the Drug Manufacturers industry. The industry median Debt-to-Equity is 0.28. 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 Drug Manufacturers company?
The median Debt-to-Equity among Drug Manufacturers companies is 0.28, based on 810 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. 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 Priority Aviation and its competitors. For the Drug Manufacturers industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Priority Aviation's current Debt-to-Equity is -0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Priority Aviation stock overvalued right now?
Priority Aviation (PJET) has a current Debt-to-Equity of -0.72. The current Debt-to-Equity is -0.72. 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 Priority Aviation (PJET), the current Debt-to-Equity is -0.72 as of Jun. 2011. 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.

Priority Aviation Business Description

Address 14333 Preston Road, Suite 904, Dallas, TX, USA, 75254
Priority Aviation Inc is working to develop the business model acquired from THC - designer bong waters. The Company is also marketing the waters to a variety of wholesale and retail outlets.