Virax Biolabs Corp (VRAX) - Long-Term Liabilities to Capital

Virax Biolabs Corp - graphic logo of issuer VRAX

Virax Biolabs Group (VRAX) is implementing environmental initiatives to reduce waste and energy consumption during the development of diagnostic systems. The business model relies on partnerships with contract manufacturing plants to produce test kits under strict SLAs. Stock price fluctuations on GURU.Markets, where the indicator stands at 0.04, underscore the brand's status as a leader in high-precision molecular detection of hazardous viruses.

Virax Biolabs - VRAX Long-Term Debt to Capital (period 04/28/2023 - 10/31/2026)
Product sample of Virax Biolabs Group

This indicator determines the degree of financial leverage by assessing the business's dependence on long-term borrowings. Monitoring the long-term debt-to-equity ratio allows for tracking the proportion of credit obligations exceeding one year relative to total equity. A decrease in this ratio typically signals deleveraging and increased balance sheet stability. For Virax Biolabs Group (VRAX), this metric is critical during the technical re-equipment of lines and the upgrading of diagnostic equipment. An optimal debt level here ensures modernization without risking the loss of solvency.

Competing companies

Long-Term Debt to Equity Ratio Agilent Technologies, Inc. (A)|Long-Term Debt to Capital DGX|ILMN - Long-Term Liabilities to Capital|Long-Term Debt to Capital EXAS (Exact Sciences)|RVTY: Long-Term Debt to Capital Ratio|Bio-Rad - Long-Term Debt to Capital|NNNN - Long-Term Debt to Capital|Sterigenics (SHC) - Long-Term Debt to Equity|Long-Term Debt to Capital Ratio QDEL|OPK (OPKO Health, Inc.) - Long-Term Debt to Capital|Long-Term Debt to Capital CareDx Corp|Long-Term Debt to Equity Maravai LifeSciences Holdings, Inc. (MRVI)|Long-Term Debt to Equity FLGT (Fulgent Genetics Inc)|Fluidigm - Long-Term Debt to Equity Ratio|Cytek Corp (CTKB) - Long-Term Liabilities to Capital|OSUR - Long-Term Debt to Equity|Ratio of Long-Term Indebtedness to Capital Exagen Inc. XGN|MDXH: Long-Term Debt to Capital|LUCD - Ratio of Long-Term Indebtedness to Capital|Long-Term Debt to Equity Prenetics Global Limited|Insight Molecular (IMDX) - Ratio of Long-Term Indebtedness to Capital|Long-Term Debt to Equity Ratio TRIB (Trinity Biotech plc)|Long-Term Debt to Equity PRPH (prophaselabs.com)|Long-Term Debt to Capital AIMD (Ainos)|Ratio of Long-Term Indebtedness to Capital Co-Diagnostics Inc (CODX)|HSCS - Long-Term Debt to Equity|Long-Term Debt to Capital Coefficient BMRA (Biomerica Inc)|CDIO: Long-Term Debt to Capital|bluejaydx.com (BJDX) - Long-Term Debt to Capital|Long-Term Debt to Equity Ratio AWH|Long-Term Debt to Capital Ratio AXDX (Accelerate Diagnostics Inc.)|Long-Term Debt to Equity Ratio CNTG (CENTOGENE, N.V.)|ENZ (enzo.com) - Long-Term Debt to Capital Coefficient|Long-Term Debt to Capital FRES (Fresh2 Group)|Genetic Technologies Ltd - Long-Term Debt to Equity|23andMe - Long-Term Debt to Capital|Ratio of Long-Term Indebtedness to Capital Psychemedics Corp. PMD