Vector Group Ltd (VGR)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 1,398,590 | 1,393,730 | 1,397,220 |
| Total stockholders’ equity | US$ in thousands | -741,814 | -807,877 | -841,553 | -659,687 | -685,464 |
| Debt-to-equity ratio | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-741,814K
= —
The debt-to-equity ratio for Vector Group Ltd is not available for the years 2019 to 2023 as there is missing data in the table. The debt-to-equity ratio is a key financial metric that indicates the proportion of a company's financing that comes from debt compared to equity. A higher ratio typically suggests higher financial risk, as it indicates a higher level of debt relative to equity. On the other hand, a lower ratio may indicate a stronger financial position and lower risk. Missing data for this ratio limits the ability to assess Vector Group Ltd's leverage and financial risk over the specified years. It is recommended to obtain the necessary data to calculate the debt-to-equity ratio for a more comprehensive financial analysis.
Peer comparison
Dec 31, 2023