Vodafone Group (Vodafone Group) Debt-to-Equity : 1.08 (As of Sep. 2023)

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What is Vodafone Group Debt-to-Equity?

Vodafone Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $13,171 Mil. Vodafone Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $56,261 Mil. Vodafone Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $64,517 Mil. Vodafone Group's debt to equity for the quarter that ended in Sep. 2023 was 1.08.

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

VOD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.82 Max: 1.36
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Vodafone Group was 1.36. The lowest was 0.41. And the median was 0.82.

VOD's Debt-to-Equity is ranked worse than
68.77% of 349 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs VOD: 1.08

Vodafone Group Debt-to-Equity Historical Data

The historical data trend for Vodafone 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.

Vodafone Group Debt-to-Equity Chart

Vodafone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.85

1.13

1.20

1.23

0.97

Vodafone Group 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															1.24	1.23	1.36	0.97	1.08

Competitive Comparison of Vodafone Group's Debt-to-Equity

For the Telecom Services subindustry, Vodafone 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.

Vodafone Group's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vodafone Group's Debt-to-Equity distribution charts can be found below:

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

Vodafone Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vodafone Group'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
	=	(10529.979	+	55320.128)	/	67879.015
	=	0.97

Vodafone Group'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
	=	(13170.758	+	56261.473)	/	64516.542
	=	1.08

Vodafone Group (NAS:VOD) 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.

Vodafone Group Debt-to-Equity Related Terms

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Vodafone Group (Vodafone Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vodafone Group PLC (NAS:VOD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VODPF:USA VOD N:Mexico VODl:UK VOD:UK VODI:Germany V1OD34:Brazil VOD:Austria VOD:Argentina

Address

Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN

Website

https://www.vodafone.com

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.