Virtu Financial (Virtu Financial) Debt-to-Equity

: 4.27 (As of Dec. 2023)

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Virtu Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,796 Mil. Virtu Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,335 Mil. Virtu Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,203 Mil. Virtu Financial's debt to equity for the quarter that ended in Dec. 2023 was 4.27.

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

VIRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.22 Med: 3.68 Max: 8.13
Current: 4.27

During the past 13 years, the highest Debt-to-Equity Ratio of Virtu Financial was 8.13. The lowest was 2.22. And the median was 3.68.

VIRT's Debt-to-Equity is ranked worse than
95.73% of 609 companies
in the Capital Markets industry
Industry Median: 0.37 vs VIRT: 4.27

Virtu Financial Debt-to-Equity Historical Data

The historical data trend for Virtu Financial'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.

Virtu Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.61

2.34

2.33

2.78

4.27

Virtu Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.78	4.03	4.54	6.49	4.27

Competitive Comparison

For the Capital Markets subindustry, Virtu Financial'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.

Virtu Financial Debt-to-Equity Distribution

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

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

Virtu Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtu Financial'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
	=	(1795.994	+	3334.968)	/	1202.727
	=	4.27

Virtu Financial'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
	=	(1795.994	+	3334.968)	/	1202.727
	=	4.27

Virtu Financial (NAS:VIRT) 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.

Virtu Financial Debt-to-Equity Related Terms

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

Virtu Financial (Virtu Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (NAS:VIRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VIRT:Mexico 0VF:Germany

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

Executives

Joseph Molluso	officer: EX VP & CFO	645 MADISON AVENUE, NEW YORK NY 10022-1010
Douglas A Cifu	director, officer: CEO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Brett Fairclough	officer: COO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Joanne Minieri	director	100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Stephen Cavoli	officer: EVP	300 VESEY STREET, NEW YORK NY 10282
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Coral Blue Investment Pte. Ltd.	10 percent owner	168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912
North Island Ventures, Llc	10 percent owner	51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019
Sean Galvin	officer: CFO	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Temasek Holdings (private) Ltd	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Joseph C. Grano	director	1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Alexander M. Ioffe	officer: CFO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Hyungtaek Kim	officer: CAO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006