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Greenkraft (Greenkraft) Debt-to-Equity : -0.43 (As of Sep. 2019)


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What is Greenkraft Debt-to-Equity?

Greenkraft's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.46 Mil. Greenkraft's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.61 Mil. Greenkraft's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $-2.47 Mil. Greenkraft's debt to equity for the quarter that ended in Sep. 2019 was -0.43.

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

GKIT's Debt-to-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Greenkraft Debt-to-Equity Historical Data

The historical data trend for Greenkraft'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.

Greenkraft Debt-to-Equity Chart

Greenkraft Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Dec14 Dec15 Dec16 Dec17 Dec18
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.90 -2.27 -0.78 -1.17 -1.10

Greenkraft Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 -0.49 -1.10 -1.36 -0.48 -0.43

Competitive Comparison of Greenkraft's Debt-to-Equity

For the Auto Manufacturers subindustry, Greenkraft'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.


Greenkraft's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Greenkraft's Debt-to-Equity distribution charts can be found below:

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



Greenkraft Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenkraft's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Greenkraft's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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.


Greenkraft  (OTCPK:GKIT) 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.


Greenkraft Debt-to-Equity Related Terms

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Greenkraft (Greenkraft) Business Description

Traded in Other Exchanges
N/A
Address
2530 South Birch Street, Santa Ana, CA, USA, 92707
Greenkraft Inc is a manufacturer and distributor of automotive products. It manufactures commercial forward cabin trucks for vehicles in alternative fuels and electric vehicles. The company also manufactures and sells alternative fuel engines. Its products include Commercial trucks, Alternative fuel systems and Engines.

Greenkraft (Greenkraft) Headlines