VRSSF (VERSES AI) Debt-to-Equity : -0.74 (As of Sep. 2024)

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What is VERSES AI Debt-to-Equity?

VERSES AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.50 Mil. VERSES AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.14 Mil. VERSES AI's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-11.68 Mil. VERSES AI's debt to equity for the quarter that ended in Sep. 2024 was -0.74.

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

VRSSF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.26 Med: 0.03 Max: 6.13
Current: -0.74

During the past 3 years, the highest Debt-to-Equity Ratio of VERSES AI was 6.13. The lowest was -1.26. And the median was 0.03.

VRSSF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.22 vs VRSSF: -0.74

VERSES AI Debt-to-Equity Historical Data

The historical data trend for VERSES AI'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.

VERSES AI Debt-to-Equity Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Equity

0.05

6.13

-0.35

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial									0.01	0.02	-0.35	-1.26	-0.74

Competitive Comparison of VERSES AI's Debt-to-Equity

For the Software - Infrastructure subindustry, VERSES AI'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.

VERSES AI's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, VERSES AI's Debt-to-Equity distribution charts can be found below:

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

VERSES AI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VERSES AI's Debt to Equity Ratio for the fiscal year 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
	=	(2	+	0.141)	/	-6.19
	=	-0.35

VERSES AI's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(8.496	+	0.14)	/	-11.681
	=	-0.74

VERSES AI (OTCPK:VRSSF) 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.

VERSES AI Debt-to-Equity Related Terms

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VERSES AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows. The Company's revenue is primarily derived from licensing its applications to customers and government organizations, providing customization to its core software, and performing ongoing maintenance and consulting services.