Viva Energy Group (ASX:VEA) Debt-to-Equity : 1.49 (As of Dec. 2023)

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What is Viva Energy Group Debt-to-Equity?

Viva Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$207 Mil. Viva Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,789 Mil. Viva Energy Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,011 Mil. Viva Energy Group's debt to equity for the quarter that ended in Dec. 2023 was 1.49.

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 Viva Energy Group's Debt-to-Equity or its related term are showing as below:

ASX:VEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.15 Max: 1.49
Current: 1.49

During the past 6 years, the highest Debt-to-Equity Ratio of Viva Energy Group was 1.49. The lowest was 0.06. And the median was 1.15.

ASX:VEA's Debt-to-Equity is ranked worse than
84.93% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs ASX:VEA: 1.49

Viva Energy Group Debt-to-Equity Historical Data

The historical data trend for Viva Energy Group'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.

Viva Energy Group Debt-to-Equity Chart

Viva Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.31

1.27

1.04

1.49

Viva Energy Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							1.27	0.89	1.04	1.47	1.49

Competitive Comparison of Viva Energy Group's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Viva Energy Group'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.

Viva Energy Group's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Viva Energy Group's Debt-to-Equity distribution charts can be found below:

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

Viva Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viva Energy Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(206.8	+	2788.5)	/	2010.6
	=	1.49

Viva Energy Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(206.8	+	2788.5)	/	2010.6
	=	1.49

Viva Energy Group (ASX:VEA) 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.

Viva Energy Group Debt-to-Equity Related Terms

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Viva Energy Group (ASX:VEA) Business Description

Industry

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2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.