VinFast Auto (VinFast Auto) Debt-to-Equity : -0.51 (As of Mar. 2024)

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What is VinFast Auto Debt-to-Equity?

VinFast Auto's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,976 Mil. VinFast Auto's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,176 Mil. VinFast Auto's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-6,182 Mil. VinFast Auto's debt to equity for the quarter that ended in Mar. 2024 was -0.51.

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

VFS' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.99 Med: -0.6 Max: 8.83
Current: -0.51

During the past 4 years, the highest Debt-to-Equity Ratio of VinFast Auto was 8.83. The lowest was -0.99. And the median was -0.60.

VFS's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs VFS: -0.51

VinFast Auto Debt-to-Equity Historical Data

The historical data trend for VinFast Auto'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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VinFast Auto Debt-to-Equity Chart

VinFast Auto Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

8.83

-0.99

-0.60

-0.82

VinFast Auto Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-0.71	-0.44	-0.52	-0.82	-0.51

Competitive Comparison of VinFast Auto's Debt-to-Equity

For the Auto Manufacturers subindustry, VinFast Auto'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.

VinFast Auto's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Debt-to-Equity distribution charts can be found below:

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

VinFast Auto Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VinFast Auto's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(3144.091	+	1488.245)	/	-5632.604
	=	-0.82

VinFast Auto's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1976.306	+	1176.115)	/	-6181.673
	=	-0.51

VinFast Auto (NAS:VFS) 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.

VinFast Auto Debt-to-Equity Related Terms

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VinFast Auto (VinFast Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VinFast Auto Ltd (NAS:VFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0TL:Germany 0TL:Germany

Address

Dinh Vu – Cat Hai Economic Zone, Cat Hai Islands, Cat Hai Town, Cat Hai District, Hai Phong, VNM

Website

https://www.vinfastauto.us

VinFast Auto Ltd manufacture cars, and motor vehicles, render leasing activities, trade smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully-electric A- through E-segment SUVs. The Company has three reportable segments, namely Automobiles, E-scooter, Spare parts & Aftermarket services. The Automobiles segment includes the design, development, manufacturing, and sales of cars and electric buses. The E-scooter segment includes the design, development, manufacturing, and sales of e-scooters. The sales of spare parts and rendering of aftermarket services for automobiles and e-scooters are included in the Spare parts & Aftermarket services segment.