Volt Carbon Technologies (Volt Carbon Technologies) Debt-to-Equity : 0.41 (As of Jan. 2024)

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What is Volt Carbon Technologies Debt-to-Equity?

Volt Carbon Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.24 Mil. Volt Carbon Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.63 Mil. Volt Carbon Technologies's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2.09 Mil. Volt Carbon Technologies's debt to equity for the quarter that ended in Jan. 2024 was 0.41.

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 Volt Carbon Technologies's Debt-to-Equity or its related term are showing as below:

TORVF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.1 Med: 0.33 Max: 1.03
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Volt Carbon Technologies was 1.03. The lowest was -2.10. And the median was 0.33.

TORVF's Debt-to-Equity is ranked worse than
71.32% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TORVF: 0.41

Volt Carbon Technologies Debt-to-Equity Historical Data

The historical data trend for Volt Carbon Technologies'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.

Volt Carbon Technologies Debt-to-Equity Chart

Volt Carbon Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.01

-0.36

1.03

0.87

0.53

Volt Carbon Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.41	0.42	0.53	0.41

Competitive Comparison of Volt Carbon Technologies's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Volt Carbon Technologies'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.

Volt Carbon Technologies's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Volt Carbon Technologies's Debt-to-Equity distribution charts can be found below:

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

Volt Carbon Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volt Carbon Technologies's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 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
	=	(0.26	+	0.634)	/	1.688
	=	0.53

Volt Carbon Technologies's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.235	+	0.63)	/	2.092
	=	0.41

Volt Carbon Technologies (OTCPK:TORVF) 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.

Volt Carbon Technologies Debt-to-Equity Related Terms

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Volt Carbon Technologies (Volt Carbon Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Carbon Technologies Inc (OTCPK:TORVF) » Definitions » Debt-to-Equity

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VCT:Canada

Address

70 Country Hills Landing NW, Suite 117, Calgary, AB, CAN, T3K 2L2

Website

https://www.voltcarbontech.com

Volt Carbon Technologies Inc is engaged in the exploration of mineral properties. The company has two operating segments. The mineral exploration and development segment focus on the acquisition and exploration of property interests that are considered potential sites of economic mineralization. The research and development segment focuses on the scientific study and technology applications for air classifier and battery development.