Vunani (JSE:VUN) Debt-to-Equity : 0.15 (As of Aug. 2023)

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What is Vunani Debt-to-Equity?

Vunani's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R34.6 Mil. Vunani's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R15.3 Mil. Vunani's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R342.7 Mil. Vunani's debt to equity for the quarter that ended in Aug. 2023 was 0.15.

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

JSE:VUN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.15
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Vunani was 0.15. The lowest was 0.00. And the median was 0.04.

JSE:VUN's Debt-to-Equity is ranked better than
63.65% of 608 companies
in the Capital Markets industry
Industry Median: 0.355 vs JSE:VUN: 0.15

Vunani Debt-to-Equity Historical Data

The historical data trend for Vunani'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.

Vunani Debt-to-Equity Chart

Vunani Annual Data

Trend

Dec13

Dec14

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.02

0.06

0.12

0.15

0.13

Vunani Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.15	0.08	0.13	0.15

Competitive Comparison of Vunani's Debt-to-Equity

For the Capital Markets subindustry, Vunani'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.

Vunani's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vunani's Debt-to-Equity distribution charts can be found below:

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

Vunani Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vunani's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(24.774	+	19.35)	/	333.226
	=	0.13

Vunani's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(34.565	+	15.312)	/	342.73
	=	0.15

Vunani (JSE:VUN) 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.

Vunani Debt-to-Equity Related Terms

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

Vunani (JSE:VUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vunani Ltd (JSE:VUN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Katherine Street, Vunani House, Vunani Office Park, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.vunanilimited.co.za

Vunani Ltd is a financial services company. The company has seven reportable segments fund management, asset administration, advisory services, institutional securities broking, and insurance. The fund management and other investment segments are geographically located in South Africa and, on a smaller scale, in Botswana. The institutional securities broking, commodities trading, asset administration and advisory services segments are geographically located in South Africa. The insurance segment, located in Eswatini, was acquired during the year.

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