Vertex (Vertex) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Vertex Debt-to-Equity?

Vertex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.3 Mil. Vertex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $60.7 Mil. Vertex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $253.0 Mil. Vertex's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

VERX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.49 Med: 0.06 Max: 0.32
Current: 0.27

During the past 6 years, the highest Debt-to-Equity Ratio of Vertex was 0.32. The lowest was -0.49. And the median was 0.06.

VERX's Debt-to-Equity is ranked worse than
55.13% of 2222 companies
in the Software industry
Industry Median: 0.21 vs VERX: 0.27

Vertex Debt-to-Equity Historical Data

The historical data trend for Vertex'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.

Vertex Debt-to-Equity Chart

Vertex Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.46

0.01

0.12

0.32

0.27

Vertex 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															0.32	0.32	0.31	0.31	0.27

Competitive Comparison of Vertex's Debt-to-Equity

For the Software - Application subindustry, Vertex'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.

Vertex's Debt-to-Equity Distribution in the Software Industry

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

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

Vertex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vertex'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
	=	(6.291	+	60.677)	/	252.981
	=	0.26

Vertex'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
	=	(6.291	+	60.677)	/	252.981
	=	0.26

Vertex (NAS:VERX) 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.

Vertex Debt-to-Equity Related Terms

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

Vertex (Vertex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vertex Inc (NAS:VERX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

56X:Germany

Address

2301 Renaissance Boulevard, King of Prussia, PA, USA, 19406

Website

https://www.vertexinc.com

Vertex Inc is a provider of tax technology and services. It enables companies to realize the full strategic potential of the tax function by automating and integrating tax processes while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.

Executives

John R Schwab	officer: Chief Financial Officer	C/O NCO GROUP, INC., 507 PRUDENTIAL ROAD, HORSHAM PA 19044
Item Second Irr. Trust Fbo Jacob J. Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Item Second Irr. Trust Fbo Anne Marie Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Eric C. Andersen	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Jeffery Westphal	director, 10 percent owner	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Item Second Irr. Trust Fbo Kyle R. Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Tensile Capital Management Lp	10 percent owner	700 LARKSPUR LANDING CIRCLE, SUITE 255, LARKSPUR CA 94939
John Richard Stamm	director	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Lisa Butler	officer: Chief Accounting Officer	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
David Destefano	director, officer: President & CEO	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Rowland Bryan T.r.	officer: General Counsel	101 WOLF DRIVE, THOROFARE NJ 08086
Kevin L Robert	director	501 KANSAS AVENUE, KANSAS CITY KS 66105
Philip Seth Saunders	director	13 MAPLE KNOLL LANE, MANALAPAN NJ 07726
Amanda Westphal Radcliffe	director, 10 percent owner	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Bradley M Gayton	director	ONE COCA-COLA PLAZA, ATLANTA GA 30313