Vision Marine Technologies (Vision Marine Technologies) Debt-to-Equity : 0.21 (As of Nov. 2023)

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What is Vision Marine Technologies Debt-to-Equity?

Vision Marine Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.82 Mil. Vision Marine Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $1.35 Mil. Vision Marine Technologies's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $10.30 Mil. Vision Marine Technologies's debt to equity for the quarter that ended in Nov. 2023 was 0.21.

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 Vision Marine Technologies's Debt-to-Equity or its related term are showing as below:

VMAR' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.32 Med: 0.11 Max: 1.58
Current: 0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Vision Marine Technologies was 1.58. The lowest was -3.32. And the median was 0.11.

VMAR's Debt-to-Equity is ranked better than
71.55% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs VMAR: 0.21

Vision Marine Technologies Debt-to-Equity Historical Data

The historical data trend for Vision Marine Technologies'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.

Vision Marine Technologies Debt-to-Equity Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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-3.32

1.58

0.09

0.11

0.27

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial														0.16	0.29	0.28	0.27	0.21

Competitive Comparison of Vision Marine Technologies's Debt-to-Equity

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Debt-to-Equity distribution charts can be found below:

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

Vision Marine Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vision Marine Technologies's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.797	+	1.505)	/	8.58
	=	0.27

Vision Marine Technologies's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.823	+	1.353)	/	10.296
	=	0.21

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies Debt-to-Equity Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.