VERSES AI (VERSES AI) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is VERSES AI Debt-to-Equity?

VERSES AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. VERSES AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.14 Mil. VERSES AI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7.37 Mil. VERSES AI's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

VRSSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 6.13
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of VERSES AI was 6.13. The lowest was 0.01. And the median was 0.05.

VRSSF's Debt-to-Equity is ranked better than
92.21% of 2221 companies
in the Software industry
Industry Median: 0.21 vs VRSSF: 0.02

VERSES AI Debt-to-Equity Historical Data

The historical data trend for VERSES AI'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.

VERSES AI Debt-to-Equity Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

0.05

6.13

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.05	6.13	3.07	0.01	0.02

Competitive Comparison of VERSES AI's Debt-to-Equity

For the Software - Infrastructure subindustry, VERSES AI'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.

VERSES AI's Debt-to-Equity Distribution in the Software Industry

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

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

VERSES AI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VERSES AI'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
	=	(5.014	+	0.143)	/	0.841
	=	6.13

VERSES AI'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
	=	(0.019	+	0.142)	/	7.373
	=	0.02

VERSES AI (OTCPK:VRSSF) 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.

VERSES AI Debt-to-Equity Related Terms

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VERSES AI (VERSES AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.