Visionflex Group (ASX:VFX) Debt-to-Equity : -0.90 (As of Dec. 2023)

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What is Visionflex Group Debt-to-Equity?

Visionflex Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.07 Mil. Visionflex Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.25 Mil. Visionflex Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-7.00 Mil. Visionflex Group's debt to equity for the quarter that ended in Dec. 2023 was -0.90.

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

ASX:VFX' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.03 Med: -0.24 Max: 2.86
Current: -0.9

During the past 9 years, the highest Debt-to-Equity Ratio of Visionflex Group was 2.86. The lowest was -1.03. And the median was -0.24.

ASX:VFX's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs ASX:VFX: -0.90

Visionflex Group Debt-to-Equity Historical Data

The historical data trend for Visionflex 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.

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Visionflex Group Debt-to-Equity Chart

Visionflex Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.59

0.61

-0.81

-1.03

-0.90

Visionflex Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													-0.81	-1.03	-0.80	-0.90	-0.90

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

For the Health Information Services subindustry, Visionflex 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.

Visionflex Group's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Visionflex Group's Debt-to-Equity distribution charts can be found below:

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

Visionflex Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Visionflex Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.005	+	6.05)	/	-6.74
	=	-0.90

Visionflex Group'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
	=	(0.067	+	6.25)	/	-7.004
	=	-0.90

Visionflex Group (ASX:VFX) 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.

Visionflex Group Debt-to-Equity Related Terms

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

Visionflex Group (ASX:VFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Visionflex Group Ltd (ASX:VFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

Visionflex Group (ASX:VFX) Headlines

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