Veritiv (Veritiv) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Veritiv Debt-to-Equity?

Veritiv's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $14 Mil. Veritiv's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $61 Mil. Veritiv's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $938 Mil. Veritiv's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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

VRTV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 1.74 Max: 2.52
Current: 0.08

During the past 12 years, the highest Debt-to-Equity Ratio of Veritiv was 2.52. The lowest was 0.08. And the median was 1.74.

VRTV's Debt-to-Equity is not ranked
in the Conglomerates industry.
Industry Median: 0.555 vs VRTV: 0.08

Veritiv Debt-to-Equity Historical Data

The historical data trend for Veritiv'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.

Veritiv Debt-to-Equity Chart

Veritiv Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.83

2.28

1.70

1.46

0.81

Veritiv Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.81	0.30	0.21	0.08

Competitive Comparison of Veritiv's Debt-to-Equity

For the Conglomerates subindustry, Veritiv'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.

Veritiv's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Veritiv's Debt-to-Equity distribution charts can be found below:

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

Veritiv Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veritiv'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
	=	(81.3	+	530.8)	/	756.1
	=	0.81

Veritiv'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
	=	(13.7	+	61.2)	/	937.5
	=	0.08

Veritiv (NYSE:VRTV) 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.

Veritiv Debt-to-Equity Related Terms

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

Veritiv (Veritiv) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Veritiv Corp (NYSE:VRTV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Abernathy Road NE, Building 400, Suite 1700, Atlanta, GA, USA, 30328

Website

https://www.veritivcorp.com

Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.

Executives

Baupost Group Llc/ma	10 percent owner	10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Seth A Klarman	10 percent owner	10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Baupost Group Gp, L.l.c.	10 percent owner	10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Eric Guerin	officer: SVP Finance	1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Autumn R Bayles	director	QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
Stephen E. Macadam	director	C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Lance D Gebert	officer: Corporate Controller and PFO	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Stephen Joseph Smith	officer: SVP & CFO	C/O AMERICAN GREETINGS CORP, ONE AMERICAN RD, CLEVELAND OH 44144
Gregory B Morrison	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Susan B. Salyer	officer: SVP Chief Compliance, and Sustainability Officer	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Bain Capital Investors Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Karen Renner	officer: SVP Chief Information Officer	3871 LAKEFIELD DR, SUWANEE GA 30024
Daniel B Calderwood	officer: SVP Marketing & Bus. Mgmt	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Stephanie E Mayerle	officer: SVP Sales	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Mary A Laschinger	director, officer: CEO and Chairman	400 ATLANTIC STREET, STAMFORD CT 06921