Vitasoy International Holdings (Vitasoy International Holdings) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Vitasoy International Holdings Debt-to-Equity?

Vitasoy International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $37.0 Mil. Vitasoy International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $14.3 Mil. Vitasoy International Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $388.1 Mil. Vitasoy International Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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 Vitasoy International Holdings's Debt-to-Equity or its related term are showing as below:

VTSYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.22
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Vitasoy International Holdings was 0.22. The lowest was 0.01. And the median was 0.09.

VTSYF's Debt-to-Equity is ranked better than
75.75% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs VTSYF: 0.13

Vitasoy International Holdings Debt-to-Equity Historical Data

The historical data trend for Vitasoy International Holdings'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.

Vitasoy International Holdings Debt-to-Equity Chart

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.16

0.09

0.21

0.22

Vitasoy International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.21	0.19	0.22	0.13

Competitive Comparison of Vitasoy International Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Vitasoy International Holdings'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.

Vitasoy International Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vitasoy International Holdings's Debt-to-Equity distribution charts can be found below:

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

Vitasoy International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vitasoy International Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(62.978	+	21.223)	/	380.281
	=	0.22

Vitasoy International Holdings'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
	=	(36.988	+	14.287)	/	388.147
	=	0.13

Vitasoy International Holdings (OTCPK:VTSYF) 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.

Vitasoy International Holdings Debt-to-Equity Related Terms

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Vitasoy International Holdings (Vitasoy International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (OTCPK:VTSYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

00345:Hong Kong

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Vitasoy International Holdings (Vitasoy International Holdings) Headlines

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