Various Eateries (LSE:VARE) Debt-to-Equity : 3.96 (As of Sep. 2023)

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What is Various Eateries Debt-to-Equity?

Various Eateries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £16.80 Mil. Various Eateries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £28.05 Mil. Various Eateries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £11.34 Mil. Various Eateries's debt to equity for the quarter that ended in Sep. 2023 was 3.96.

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

LSE:VARE' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.67 Med: 1.33 Max: 3.96
Current: 3.96

During the past 7 years, the highest Debt-to-Equity Ratio of Various Eateries was 3.96. The lowest was -5.67. And the median was 1.33.

LSE:VARE's Debt-to-Equity is ranked worse than
88.78% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs LSE:VARE: 3.96

Various Eateries Debt-to-Equity Historical Data

The historical data trend for Various Eateries'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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Various Eateries Debt-to-Equity Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-5.67

1.33

1.54

2.50

3.96

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							1.54	1.81	2.50	3.30	3.96

Competitive Comparison of Various Eateries's Debt-to-Equity

For the Restaurants subindustry, Various Eateries'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.

Various Eateries's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Various Eateries's Debt-to-Equity distribution charts can be found below:

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

Various Eateries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Various Eateries'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
	=	(16.802	+	28.049)	/	11.34
	=	3.96

Various Eateries'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
	=	(16.802	+	28.049)	/	11.34
	=	3.96

Various Eateries (LSE:VARE) 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.

Various Eateries Debt-to-Equity Related Terms

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

Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

Various Eateries (LSE:VARE) Headlines

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