Vemanti Group (Vemanti Group) Debt-to-Equity : -1.65 (As of Dec. 2023)

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What is Vemanti Group Debt-to-Equity?

Vemanti Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.28 Mil. Vemanti Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Vemanti Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.17 Mil. Vemanti Group's debt to equity for the quarter that ended in Dec. 2023 was -1.65.

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

VMNT' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.65 Med: 0.26 Max: 1.74
Current: -1.65

During the past 5 years, the highest Debt-to-Equity Ratio of Vemanti Group was 1.74. The lowest was -1.65. And the median was 0.26.

VMNT's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs VMNT: -1.65

Vemanti Group Debt-to-Equity Historical Data

The historical data trend for Vemanti 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.

* Premium members only.

Vemanti Group Debt-to-Equity Chart

Vemanti Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.74

0.26

-1.65

Vemanti Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.26	0.57	1.32	4.18	-1.65

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

For the Communication Equipment subindustry, Vemanti 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.

Vemanti Group's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vemanti Group's Debt-to-Equity distribution charts can be found below:

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

Vemanti Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vemanti Group'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
	=	(0.283	+	0)	/	-0.172
	=	-1.65

Vemanti 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
	=	(0.283	+	0)	/	-0.172
	=	-1.65

Vemanti Group (OTCPK:VMNT) 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.

Vemanti Group Debt-to-Equity Related Terms

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Vemanti Group (Vemanti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vemanti Group Inc (OTCPK:VMNT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7545 Irvine Center Drive, Suite. 200, Irvine, CA, USA, 92618

Website

https://www.vemanti.com

Vemanti Group Inc, through its subsidiaries, provides IP (Internet Protocol) communication needs. The company's network offers availability, coverage, flexibility and enables the following technology solutions: unified communications, data centre services, content delivery, voice over IP (VoIP), and cloud computing. The company also focuses on acquisition and investment in companies that focus on blockchain projects and applications combined with other emerging technologies, including machine learning/AI, security, and the internet of things (IoT).

Executives

Stephen Richard Jones	officer: CFO	256 GREENGLADE AVENUE, WORTHINGTON OH 43085
Tan Tran	director, 10 percent owner, officer: President, CEO, CFO	7545 IRVINE CENTER DR., STE. 200, IRVINE CA 92618
Rachel Boulds Cpa, Pllc	director	6371 S. GLENOAKS STREET, MURRAY UT 84107