Vonex (ASX:VN8) Debt-to-Equity : -7.15 (As of Dec. 2023)

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What is Vonex Debt-to-Equity?

Vonex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.96 Mil. Vonex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$24.96 Mil. Vonex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-3.63 Mil. Vonex's debt to equity for the quarter that ended in Dec. 2023 was -7.15.

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

ASX:VN8' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.83 Med: 0.14 Max: 0.85
Current: -7.15

During the past 7 years, the highest Debt-to-Equity Ratio of Vonex was 0.85. The lowest was -10.83. And the median was 0.14.

ASX:VN8's Debt-to-Equity is not ranked
in the Telecommunication Services industry.
Industry Median: 0.66 vs ASX:VN8: -7.15

Vonex Debt-to-Equity Historical Data

The historical data trend for Vonex'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.

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Vonex Debt-to-Equity Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.14

0.18

0.81

-8.01

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.85	0.81	-10.83	-8.01	-7.15

Competitive Comparison of Vonex's Debt-to-Equity

For the Telecom Services subindustry, Vonex'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.

Vonex's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vonex's Debt-to-Equity distribution charts can be found below:

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

Vonex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vonex's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(22.067	+	1.367)	/	-2.927
	=	-8.01

Vonex'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
	=	(0.962	+	24.958)	/	-3.625
	=	-7.15

Vonex (ASX:VN8) 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.

Vonex Debt-to-Equity Related Terms

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Vonex (ASX:VN8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. It is organized into three operating segments. The retail segment is engaged in the sale of hardware and telecommunication services including the provision of data, internet, voice (including IP voice), and other services; the Wholesale segment is engaged in offering wholesale white-label hosted PBX services under license for Internet Service Providers, Telco's and Cloud Vendors; and Corporate segment is engaged in managing the corporate affairs of the group, and special development projects such as the Oper8tor App. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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