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Vitesse Energy (Vitesse Energy) Debt-to-Equity : 0.19 (As of Mar. 2024)


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What is Vitesse Energy Debt-to-Equity?

Vitesse Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.1 Mil. Vitesse Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $98.0 Mil. Vitesse Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $522.7 Mil. Vitesse Energy's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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

VTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.13   Max: 0.21
Current: 0.19

During the past 5 years, the highest Debt-to-Equity Ratio of Vitesse Energy was 0.21. The lowest was 0.08. And the median was 0.13.

VTS's Debt-to-Equity is ranked better than
72.49% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs VTS: 0.19

Vitesse Energy Debt-to-Equity Historical Data

The historical data trend for Vitesse Energy'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.

Vitesse Energy Debt-to-Equity Chart

Vitesse Energy Annual Data
Trend Nov19 Nov20 Nov21 Dec22 Dec23
Debt-to-Equity
N/A 0.21 0.14 0.09 0.15

Vitesse Energy Quarterly Data
Nov19 Nov20 Aug21 Nov21 Aug22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.09 0.08 0.11 0.15 0.19

Competitive Comparison of Vitesse Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Vitesse Energy'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.


Vitesse Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vitesse Energy's Debt-to-Equity distribution charts can be found below:

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



Vitesse Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vitesse Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Vitesse Energy's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Vitesse Energy  (NYSE:VTS) 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.


Vitesse Energy Debt-to-Equity Related Terms

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


Vitesse Energy (Vitesse Energy) Business Description

Traded in Other Exchanges
N/A
Address
9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112
Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
Executives
James P Henderson officer: Chief Financial Officer 1625 BROADWAY, SUITE 250, DENVER CO 80202
Robert W Gerrity director, officer: Chief Executive Officer 9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Leary Dan O director 10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Joseph S Steinberg director C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Brian Cree officer: President 9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Christopher I Humber officer: General Counsel and Secretary 9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Brian P Friedman director
Randy I Stein director 1670 BROADWAY SUITE 2800, DENVER CO 80202
Linda Adamany director 505 FRONT AVE., P.O. BOX "I", COEUR D'ALENE ID 83816
Cathleen M Osborn director 9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Jefferies Financial Group Inc. 10 percent owner 520 MADISON AVENUE, NEW YORK NY 10022
David R Macosko officer: Chief Financial Officer 9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Michael Sabol officer: VP - SEC & Financial Reporting 9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Mike Morella officer: VP - Chief Accounting Officer 9200 E. MINERAL AVE., SUITE 200, CENTENNIAI CO 80112
Vitesse Energy Finance Llc 10 percent owner 520 MADISON AVENUE, NEW YORK NY 10022