Visionary Holdings (Visionary Holdings) Debt-to-Equity : 2.36 (As of Sep. 2023)

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What is Visionary Holdings Debt-to-Equity?

Visionary Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $48.44 Mil. Visionary Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.93 Mil. Visionary Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $20.93 Mil. Visionary Holdings's debt to equity for the quarter that ended in Sep. 2023 was 2.36.

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

GV' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.89 Med: 4.68 Max: 6.76
Current: 2.36

During the past 4 years, the highest Debt-to-Equity Ratio of Visionary Holdings was 6.76. The lowest was 1.89. And the median was 4.68.

GV's Debt-to-Equity is ranked worse than
90.58% of 223 companies
in the Education industry
Industry Median: 0.34 vs GV: 2.36

Visionary Holdings Debt-to-Equity Historical Data

The historical data trend for Visionary Holdings'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.

Visionary Holdings Debt-to-Equity Chart

Visionary Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

6.76

1.89

5.75

4.01

Visionary Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			4.75	5.75	4.68	4.01	2.36

Competitive Comparison of Visionary Holdings's Debt-to-Equity

For the Education & Training Services subindustry, Visionary Holdings'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.

Visionary Holdings's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Visionary Holdings's Debt-to-Equity distribution charts can be found below:

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

Visionary Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Visionary Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(49.574	+	1.235)	/	12.67
	=	4.01

Visionary Holdings's Debt to Equity Ratio for the quarter 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
	=	(48.444	+	0.929)	/	20.933
	=	2.36

Visionary Holdings (NAS:GV) 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.

Visionary Holdings Debt-to-Equity Related Terms

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Visionary Holdings (Visionary Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Visionary Holdings Inc (NAS:GV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Moatfield Drive, Unit 1003, Toronto, ON, CAN, M3B 0A2

Website

https://www.visiongroupca.com

Visionary Education Technology Holdings Group Inc engaged in education related businesses, which includes high school education programs, real estate development, vocational education, online education and other education-related consulting services.