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Victrex (CHIX:VCTL) Debt-to-Equity : 0.17 (As of Mar. 2024)


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What is Victrex Debt-to-Equity?

Victrex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £9.4 Mil. Victrex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £68.9 Mil. Victrex's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £459.0 Mil. Victrex's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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

CHIX:VCTl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.05   Max: 0.17
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Victrex was 0.17. The lowest was 0.02. And the median was 0.05.

CHIX:VCTl's Debt-to-Equity is ranked better than
69% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs CHIX:VCTl: 0.17

Victrex Debt-to-Equity Historical Data

The historical data trend for Victrex'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.

Victrex Debt-to-Equity Chart

Victrex Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.03 0.07 0.10

Victrex Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.07 0.09 0.10 0.17

Competitive Comparison of Victrex's Debt-to-Equity

For the Specialty Chemicals subindustry, Victrex'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.


Victrex's Debt-to-Equity Distribution in the Chemicals Industry

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

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



Victrex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victrex's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Victrex's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Victrex  (CHIX:VCTl) 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.


Victrex Debt-to-Equity Related Terms

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


Victrex (CHIX:VCTL) Business Description

Traded in Other Exchanges
Address
Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD
Victrex is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. Around 40% of sales are generated in Europe, with Asia and the Americas contributing 30% each. The business has two segments. The industrial segment targets transportation, energy, electronics, and manufacturing, while the medical segment provides healthcare solutions for the implantable device markets.

Victrex (CHIX:VCTL) Headlines