Vitreous Glass (TSXV:VCI) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Vitreous Glass Debt-to-Equity?

Vitreous Glass's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Vitreous Glass's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.05 Mil. Vitreous Glass's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4.10 Mil. Vitreous Glass's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Vitreous Glass's Debt-to-Equity or its related term are showing as below:

TSXV:VCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.13
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Vitreous Glass was 0.13. The lowest was 0.02. And the median was 0.03.

TSXV:VCI's Debt-to-Equity is ranked better than
96.36% of 220 companies
in the Waste Management industry
Industry Median: 0.74 vs TSXV:VCI: 0.02

Vitreous Glass Debt-to-Equity Historical Data

The historical data trend for Vitreous Glass'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.

Vitreous Glass Debt-to-Equity Chart

Vitreous Glass Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.03

0.02

Vitreous Glass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Vitreous Glass's Debt-to-Equity

For the Waste Management subindustry, Vitreous Glass'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.

Vitreous Glass's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Debt-to-Equity distribution charts can be found below:

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

Vitreous Glass Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vitreous Glass'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
	=	(0.021	+	0.059)	/	4.154
	=	0.02

Vitreous Glass's Debt to Equity Ratio for the quarter 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
	=	(0.021	+	0.049)	/	4.104
	=	0.02

Vitreous Glass (TSXV:VCI) 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.

Vitreous Glass Debt-to-Equity Related Terms

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

Vitreous Glass (TSXV:VCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (TSXV:VCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VCIGF:USA

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Executives

Timothy Howard Rendell

Senior Officer

Vitreous Glass (TSXV:VCI) Headlines

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