VRTS (Virtus Investment Partners) Debt-to-Equity : 2.45 (As of Sep. 2024)

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What is Virtus Investment Partners Debt-to-Equity?

Virtus Investment Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. Virtus Investment Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,177.6 Mil. Virtus Investment Partners's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $889.0 Mil. Virtus Investment Partners's debt to equity for the quarter that ended in Sep. 2024 was 2.45.

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 Virtus Investment Partners's Debt-to-Equity or its related term are showing as below:

VRTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 2.78 Max: 3.64
Current: 2.45

During the past 13 years, the highest Debt-to-Equity Ratio of Virtus Investment Partners was 3.64. The lowest was 0.02. And the median was 2.78.

VRTS's Debt-to-Equity is ranked worse than
96.51% of 975 companies
in the Asset Management industry
Industry Median: 0.2 vs VRTS: 2.45

Virtus Investment Partners Debt-to-Equity Historical Data

The historical data trend for Virtus Investment Partners'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.

Virtus Investment Partners Debt-to-Equity Chart

Virtus Investment Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.13

3.36

2.78

2.86

2.52

Virtus Investment Partners Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.57	2.52	2.50	2.58	2.45

Competitive Comparison of Virtus Investment Partners's Debt-to-Equity

For the Asset Management subindustry, Virtus Investment Partners'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.

Virtus Investment Partners's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Investment Partners's Debt-to-Equity distribution charts can be found below:

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

Virtus Investment Partners Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus Investment Partners'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	+	2175.655)	/	863.926
	=	2.52

Virtus Investment Partners'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
	=	(0	+	2177.552)	/	889.046
	=	2.45

Virtus Investment Partners (NYSE:VRTS) 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.

Virtus Investment Partners Debt-to-Equity Related Terms

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

Virtus Investment Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Investment Partners Inc (NYSE:VRTS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VIP:Germany

Address

One Financial Plaza, Hartford, CT, USA, 06103

Website

https://www.virtus.com

Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the U.S. and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.

Executives

Barry M. Mandinach	officer: EVP, Head of Distribution	1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Stephen T Zarrilli	director	FIBERLINK COMMUNICATIONS CORP., 794 PENLLYN PIKE, BLUE BELL PA 19422
Michael A Angerthal	officer: EVP, Chief Financial Officer	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
W Howard Morris	director	1538 STRATHCONA, DETROIT MI 48203
Mardelle W Pena	officer: EVP, Human Resources	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii	officer: EVP, Fund Services	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Richard W Smirl	officer: EVP & Chief Operating Officer	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
Francis G Waltman	officer: EVP, Product Management	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Mark C Treanor	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Peter L Bain	director	LEGG MASON INC, 100 LIGHT ST, BALTIMORE MD 21202
Paul G Greig	director	III CASCADE PLAZA, AKRON OH 44308
Wendy J Hills	officer: EVP, CLO & General Counsel	6300 LAMAR AVENUE, OVERLAND PARK KS 66202
James R Baio	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Timothy A Holt	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Melody L Jones	director	T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202