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Zovio's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.4 Mil. Zovio's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $20.9 Mil. Zovio's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $3.0 Mil. Zovio's debt to equity for the quarter that ended in Sep. 2022 was 7.75.
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 Zovio's Debt-to-Equity or its related term are showing as below:
The historical data trend for Zovio'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.
Zovio Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.16 | 0.14 | 0.31 | 0.58 | 2.07 |
Zovio Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.00 | 2.07 | 3.59 | 6.02 | 7.75 |
For the Education & Training Services subindustry, Zovio'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.
For the Education industry and Consumer Defensive sector, Zovio's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zovio's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Zovio's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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 | |
= | (4.492 | + | 36.928) | / | 20.006 | |
= | 2.07 |
Zovio's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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 | |
= | (2.422 | + | 20.916) | / | 3.01 | |
= | 7.75 |
* 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.
Zovio (OTCPK:ZVOI) 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.
Thank you for viewing the detailed overview of Zovio's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Randy J Hendricks | director, officer: Chief Executive Officer | C/O ZOVIO INC, 1811 EAST NORTHROP BLVD, CHANDLER AZ 85286 |
Wilson John Silvanus Jr. | director | C/O ZOVIO INC, 1811 EAST NORTHROP BOULEVARD, CHANDLER AZ 85286 |
Ron Huberman | director | 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169 |
George P. Pernsteiner | director | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
John Kiely | director | C/O ZOVIO INC, 1811 E NORTHROP BLVD, CHANDLER AZ 85286 |
Ryan Craig | director | C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128 |
Steve Burkholder | officer: VP, Chief Accounting Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Michael P Cole | director | 1165 NORTH CLARK STREET, 4TH FLOOR, CHICAGO IL 60610 |
Andrew S. Clark | director, officer: CEO and President | C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128 |
Umang Jain | officer: SVP, Chief Technology Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Robert D Hartman | director | 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027 |
John Semel | officer: Chief Strategy Officer | JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Gregory K. Finkelstein | officer: Chief Operating Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Kirsten Marriner | director | 900 OMNICARE CENTER, 201 E. 4TH STREET, CINCINNATI OH 45202 |
Teresa Carroll | director | 999 WEST BIG BEAVER ROAD, TROY MI 48084 |
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