Vegetable Oil Industries Co (XPAE:VOIC) Debt-to-Equity : 0.19 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Vegetable Oil Industries Co Debt-to-Equity?

Vegetable Oil Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JOD6.21 Mil. Vegetable Oil Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JOD5.48 Mil. Vegetable Oil Industries Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was JOD62.02 Mil. Vegetable Oil Industries Co's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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 Vegetable Oil Industries Co's Debt-to-Equity or its related term are showing as below:

XPAE:VOIC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.27 Max: 0.45
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Vegetable Oil Industries Co was 0.45. The lowest was 0.17. And the median was 0.27.

XPAE:VOIC's Debt-to-Equity is ranked better than
68.85% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs XPAE:VOIC: 0.19

Vegetable Oil Industries Co Debt-to-Equity Historical Data

The historical data trend for Vegetable Oil Industries Co'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.

Vegetable Oil Industries Co Debt-to-Equity Chart

Vegetable Oil Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.26

0.17

0.39

0.27

0.19

Vegetable Oil Industries Co Quarterly Data
	Mar19	Jun19	Sep19	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															0.27	0.26	0.22	0.23	0.19

Competitive Comparison of Vegetable Oil Industries Co's Debt-to-Equity

For the Packaged Foods subindustry, Vegetable Oil Industries Co'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.

Vegetable Oil Industries Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vegetable Oil Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vegetable Oil Industries Co's Debt-to-Equity falls into.

Vegetable Oil Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vegetable Oil Industries Co'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
	=	(6.214	+	5.476)	/	62.024
	=	0.19

Vegetable Oil Industries Co'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
	=	(6.214	+	5.476)	/	62.024
	=	0.19

Vegetable Oil Industries Co (XPAE:VOIC) 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.

Vegetable Oil Industries Co Debt-to-Equity Related Terms

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

Vegetable Oil Industries Co (XPAE:VOIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegetable Oil Industries Co Ltd (XPAE:VOIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Zoyoot Street, Eastern Industrial Zone, P.O. Box 95, Nablus, PSE

Website

https://www.voic.ps

Vegetable Oil Industries Co Ltd is engaged in the production of oil and ghee. The company produces two categories of products from Palm, Coconut, Corn, Soybean and Sunflower Oils namely: Vegetable Ghee and Shortening and Liquid Vegetable Oils. Its products include Al Ghazalein Oil, Al Aseel, Al Mumtaz, Al Kawakeb Ghee, Nabateen Ghee, Gazal Ghee, and Reem Oil.

Vegetable Oil Industries Co (XPAE:VOIC) Headlines

No Headlines