10X Capital Venture Acquisition II (10X Capital Venture Acquisition II) Debt-to-Equity : 1.06 (As of Sep. 2023)

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What is 10X Capital Venture Acquisition II Debt-to-Equity?

10X Capital Venture Acquisition II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.63 Mil. 10X Capital Venture Acquisition II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. 10X Capital Venture Acquisition II's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1.54 Mil. 10X Capital Venture Acquisition II's debt to equity for the quarter that ended in Sep. 2023 was 1.06.

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 10X Capital Venture Acquisition II's Debt-to-Equity or its related term are showing as below:

VCXAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.61 Max: 6.23
Current: 1.06

During the past 2 years, the highest Debt-to-Equity Ratio of 10X Capital Venture Acquisition II was 6.23. The lowest was 0.02. And the median was 0.61.

VCXAU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs VCXAU: 1.06

10X Capital Venture Acquisition II Debt-to-Equity Historical Data

The historical data trend for 10X Capital Venture Acquisition II'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.

10X Capital Venture Acquisition II Debt-to-Equity Chart

10X Capital Venture Acquisition II Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.02

10X Capital Venture Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-	0.02	0.04	0.61	1.06

Competitive Comparison of 10X Capital Venture Acquisition II's Debt-to-Equity

For the Shell Companies subindustry, 10X Capital Venture Acquisition II'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.

10X Capital Venture Acquisition II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 10X Capital Venture Acquisition II's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 10X Capital Venture Acquisition II's Debt-to-Equity falls into.

10X Capital Venture Acquisition II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

10X Capital Venture Acquisition II's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.6	+	0)	/	29.769
	=	0.02

10X Capital Venture Acquisition II'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
	=	(1.625	+	0)	/	1.536
	=	1.06

10X Capital Venture Acquisition II (NAS:VCXAU) 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.

10X Capital Venture Acquisition II Debt-to-Equity Related Terms

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