VEVMQ (Vicinity Motor) Debt-to-Equity: 1.55 (As of Mar. 2024)

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VEVMQ Vicinity Motor Corp VEVMQ
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What is Vicinity Motor Debt-to-Equity?

Vicinity Motor VEVMQ -99.00% 12 Debt-to-Equity is 1.55 as of Mar. 2024. GuruFocus rates VEVMQ with a GF Score™ of 12/100.

Vicinity Motor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $29.11 Mil. Vicinity Motor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Vicinity Motor's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $18.74 Mil. Vicinity Motor's debt to equity for the quarter that ended in Mar. 2024 was 1.55.

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

VEVMQ's Debt-to-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Vicinity Motor  (OTCPK:VEVMQ) 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.

Vicinity Motor Debt-to-Equity Related Terms

Vicinity Motor Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Vicinity Motor'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.

Vicinity Motor Debt-to-Equity Chart

Vicinity Motor Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.37 0.21 0.20 1.28

Vicinity Motor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.50 0.55 1.28 1.55

VEVMQ vs TSLA, GM, F: Debt-to-Equity Comparison

For the Auto Manufacturers subindustry, Vicinity Motor'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.

Vicinity Motor Debt-to-Equity vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vicinity Motor's Debt-to-Equity distribution charts can be found below:

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


VEVMQ
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Vicinity Motor Corp VEVMQ
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Vicinity Motor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vicinity Motor'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
=(27.083 + 0) / 21.197
=1.28

Vicinity Motor's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(29.111 + 0) / 18.742
=1.55

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.55 mean?
Vicinity Motor (VEVMQ) has a Debt-to-Equity of 1.55 as of Mar. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vicinity Motor and its competitors.
Is Vicinity Motor's Debt-to-Equity too high?
Vicinity Motor's current Debt-to-Equity is 1.55. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Vicinity Motor's value of 1.55 is 237% above this industry median. Overall, Vicinity Motor has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vicinity Motor's Debt-to-Equity compare to TSLA and GM?
Vicinity Motor's Debt-to-Equity of 1.55 can be compared against companies in the Vehicles & Parts industry. The industry median Debt-to-Equity is 0.46. Vicinity Motor's value of 1.55 is 237% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,219 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Motor's current Debt-to-Equity of 1.55 is 237% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vicinity Motor and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Motor's current Debt-to-Equity is 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Motor stock overvalued right now?
Vicinity Motor (VEVMQ) has a current Debt-to-Equity of 1.55. The current Debt-to-Equity is 1.55 and 237% above the Vehicles & Parts industry median of 0.46. Vicinity Motor's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Vicinity Motor (VEVMQ), the current Debt-to-Equity is 1.55 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vicinity Motor Business Description

Address 3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6
Vicinity Motor Corp is a bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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