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Vado (VADP) Debt-to-Equity : -0.88 (As of Sep. 2023)


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What is Vado Debt-to-Equity?

Vado's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.63 Mil. Vado's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.69 Mil. Vado's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-7.18 Mil. Vado's debt to equity for the quarter that ended in Sep. 2023 was -0.88.

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

VADP' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.67   Med: -1.01   Max: 2
Current: -0.88

During the past 5 years, the highest Debt-to-Equity Ratio of Vado was 2.00. The lowest was -4.67. And the median was -1.01.

VADP's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs VADP: -0.88

Vado Debt-to-Equity Historical Data

The historical data trend for Vado'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.

Vado Debt-to-Equity Chart

Vado Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
Debt-to-Equity
-3.33 0.61 -1.85 - -

Vado Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Mar23 Jun23 Sep23
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 - - -1.01 -0.98 -0.88

Competitive Comparison of Vado's Debt-to-Equity

For the Shell Companies subindustry, Vado'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.

Vado's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Vado's Debt-to-Equity distribution charts can be found below:

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


Vado Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vado's Debt to Equity Ratio for the fiscal year that ended in Nov. 2021 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 + 0) / 0.033
=0.00

Vado's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(4.63 + 1.691) / -7.177
=-0.88

* 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.

Vado  (OTCPK:VADP) 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.

Vado Debt-to-Equity Related Terms

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

Vado (VADP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vado Corp (OTCPK:VADP) » Definitions » Debt-to-Equity
Comparable Companies
BFAC PRPC ISRL CONX CFIV PHYT BOAC CFFS RCFA PPYA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4001 South 700 East, Suite 500, Salt Lake City, UT, USA, 84107
Website
https://www.vadocorphq.com
Vado Corp is a development stage company seeking new business opportunities in the United States and abroad.