Viratech (Viratech) Debt-to-Equity : -0.06 (As of Sep. 2023)

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What is Viratech Debt-to-Equity?

Viratech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.13 Mil. Viratech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Viratech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-2.30 Mil. Viratech's debt to equity for the quarter that ended in Sep. 2023 was -0.06.

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

VIRA' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: -0.06 Max: -0.06
Current: -0.06

During the past 0 years, the highest Debt-to-Equity Ratio of Viratech was -0.06. The lowest was -0.06. And the median was -0.06.

VIRA's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs VIRA: -0.06

Viratech Debt-to-Equity Historical Data

The historical data trend for Viratech'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.

Viratech Debt-to-Equity Chart

Viratech Annual Data

Trend

Debt-to-Equity

Viratech Quarterly Data
	Sep22	Sep23
Debt-to-Equity	N/A	-0.06

Competitive Comparison of Viratech's Debt-to-Equity

For the Leisure subindustry, Viratech'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.

Viratech's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Viratech's Debt-to-Equity distribution charts can be found below:

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

Viratech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viratech's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Viratech'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
	=	(0.13	+	0)	/	-2.299
	=	-0.06

Viratech (OTCPK:VIRA) 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.

Viratech Debt-to-Equity Related Terms

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Viratech (Viratech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Viratech Corp (OTCPK:VIRA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18186 Chieftain Court, San Diego, CA, USA, 92127

Website

https://viratechcorporation.com

Viratech Corp is a 3D house printing company based in Dubai which aims to revolutionize the construction industry in the UAE with innovative technology. The company is specialized in printing fully functional and livable houses in a fraction of the time and cost compared to traditional construction methods.