Siderurgica VenezolanaCA (CAR:SVS) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Siderurgica VenezolanaCA Debt-to-Equity?

Siderurgica VenezolanaCA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was VES217.58 Mil. Siderurgica VenezolanaCA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was VES0.00 Mil. Siderurgica VenezolanaCA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was VES23,245.21 Mil. Siderurgica VenezolanaCA's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Siderurgica VenezolanaCA's Debt-to-Equity or its related term are showing as below:

CAR:SVS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.13
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Siderurgica VenezolanaCA was 0.13. The lowest was 0.01. And the median was 0.01.

CAR:SVS's Debt-to-Equity is ranked better than
99.82% of 558 companies
in the Steel industry
Industry Median: 0.415 vs CAR:SVS: 0.01

Siderurgica VenezolanaCA Debt-to-Equity Historical Data

The historical data trend for Siderurgica VenezolanaCA'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.

Siderurgica VenezolanaCA Debt-to-Equity Chart

Siderurgica VenezolanaCA Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.13

0.01

Siderurgica VenezolanaCA 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Siderurgica VenezolanaCA's Debt-to-Equity

For the Steel subindustry, Siderurgica VenezolanaCA'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.

Siderurgica VenezolanaCA's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Siderurgica VenezolanaCA's Debt-to-Equity distribution charts can be found below:

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

Siderurgica VenezolanaCA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siderurgica VenezolanaCA's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(216.517	+	0)	/	23079.975
	=	0.01

Siderurgica VenezolanaCA'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
	=	(217.577	+	0)	/	23245.214
	=	0.01

Siderurgica VenezolanaCA (CAR:SVS) 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.

Siderurgica VenezolanaCA Debt-to-Equity Related Terms

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Siderurgica VenezolanaCA (CAR:SVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Siderurgica Venezolana SACA (CAR:SVS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Avenida Venezuela, Torre America, Urbanizacion Bello Monte, Piso 11, Caracas, VEN

Website

http://www.sivensa.com.ve

Siderurgica Venezolana Sivensa SA is a holding company. The Company along with its subsidiaries is engaged in the manufacture of long steel products for the construction, manufacturing and infrastructure industries. The group has two business units namely IBH, Sidetur.

Siderurgica VenezolanaCA (CAR:SVS) Headlines

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