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VIQ Solutions (TSX:VQS) Debt-to-Revenue : 0.28 (As of Sep. 2023)


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What is VIQ Solutions Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

VIQ Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.67 Mil. VIQ Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$14.79 Mil. VIQ Solutions's annualized Revenue for the quarter that ended in Sep. 2023 was C$54.68 Mil. VIQ Solutions's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 was 0.28.


VIQ Solutions Debt-to-Revenue Historical Data

The historical data trend for VIQ Solutions's Debt-to-Revenue 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.

VIQ Solutions Debt-to-Revenue Chart

VIQ Solutions Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.47 0.44 0.46 0.22

VIQ Solutions Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Revenue 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 0.20 0.24 0.27 0.25 0.28

Competitive Comparison of VIQ Solutions's Debt-to-Revenue

For the Software - Application subindustry, VIQ Solutions's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


VIQ Solutions's Debt-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, VIQ Solutions's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where VIQ Solutions's Debt-to-Revenue falls into.



VIQ Solutions Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

VIQ Solutions's Debt-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(12.392 + 1.003) / 62.279
=0.22

VIQ Solutions's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.672 + 14.793) / 54.68
=0.28

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2023) Revenue data.


VIQ Solutions Debt-to-Revenue Related Terms

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VIQ Solutions (TSX:VQS) Business Description

Traded in Other Exchanges
Address
5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1
VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.
Executives
Yixin (shing) Pan Director

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