FVTI (Fortune Valley Treasures) Debt-to-Equity : 2.86 (As of Jun. 2024)

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What is Fortune Valley Treasures Debt-to-Equity?

Fortune Valley Treasures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.52 Mil. Fortune Valley Treasures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.33 Mil. Fortune Valley Treasures's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $0.30 Mil. Fortune Valley Treasures's debt to equity for the quarter that ended in Jun. 2024 was 2.86.

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 Fortune Valley Treasures's Debt-to-Equity or its related term are showing as below:

FVTI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: 0.13 Max: 2.86
Current: 2.86

During the past 9 years, the highest Debt-to-Equity Ratio of Fortune Valley Treasures was 2.86. The lowest was -0.42. And the median was 0.13.

FVTI's Debt-to-Equity is ranked worse than
94.92% of 177 companies
in the Beverages - Alcoholic industry
Industry Median: 0.39 vs FVTI: 2.86

Fortune Valley Treasures Debt-to-Equity Historical Data

The historical data trend for Fortune Valley Treasures'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.

Fortune Valley Treasures Debt-to-Equity Chart

Fortune Valley Treasures Annual Data

Trend

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.15

0.09

0.08

0.13

0.47

Fortune Valley Treasures Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.37	0.47	0.89	2.86

Competitive Comparison of Fortune Valley Treasures's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.

Fortune Valley Treasures's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Debt-to-Equity distribution charts can be found below:

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

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Fortune Valley Treasures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Valley Treasures'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
	=	(0.595	+	0.406)	/	2.12
	=	0.47

Fortune Valley Treasures's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.524	+	0.326)	/	0.297
	=	2.86

Fortune Valley Treasures (OTCPK:FVTI) 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.

Fortune Valley Treasures Debt-to-Equity Related Terms

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

Fortune Valley Treasures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139 Liansheng Road, 16th Floor, Building 2, A Building, Humen Town, Guangdong, Dongguan, CHN, 523000

Website

http://www.fvti.show

Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.

Executives

Kaihong Lin	director, officer: CFO, Treasurer, Director	NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen	director, officer: CEO, CFO	19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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