China TMK Battery Systems (China TMK Battery Systems) Debt-to-Equity : 0.50 (As of Sep. 2011)

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What is China TMK Battery Systems Debt-to-Equity?

China TMK Battery Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2011 was $15.32 Mil. China TMK Battery Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2011 was $13.69 Mil. China TMK Battery Systems's Total Stockholders Equity for the quarter that ended in Sep. 2011 was $58.47 Mil. China TMK Battery Systems's debt to equity for the quarter that ended in Sep. 2011 was 0.50.

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 China TMK Battery Systems's Debt-to-Equity or its related term are showing as below:

DFEL's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

China TMK Battery Systems Debt-to-Equity Historical Data

The historical data trend for China TMK Battery Systems'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.

China TMK Battery Systems Debt-to-Equity Chart

China TMK Battery Systems Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Dec10

Debt-to-Equity

-0.96

0.66

China TMK Battery Systems Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.66	0.55	0.53	0.50

Competitive Comparison of China TMK Battery Systems's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, China TMK Battery Systems'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.

China TMK Battery Systems's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China TMK Battery Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China TMK Battery Systems's Debt-to-Equity falls into.

China TMK Battery Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China TMK Battery Systems'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
	=	(7.731	+	12.71)	/	31.159
	=	0.66

China TMK Battery Systems's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(15.321	+	13.688)	/	58.467
	=	0.50

China TMK Battery Systems (OTCPK:DFEL) 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.

China TMK Battery Systems Debt-to-Equity Related Terms

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China TMK Battery Systems (China TMK Battery Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390

Website

https://www.tmk-battery.com

China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

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