Name: Debt to Equity

Definition: Debt to equity shows how much debt the company uses compared to the amount invested by its owners. It’s a bit like comparing your mortgage to your house down payment. Higher ratios suggest the business is comfortable borrowing to grow — which can boost returns in good times, but adds risk if conditions worsen. Lower ratios signal a more conservative, steady approach.

Interpretation:
• In '2020', VIOT's debt to equity was 0.01, showing the balance between debt financing and shareholders' equity. Industry average for Consumer Electronics/Appliances in '2020' stood at 0.77.
• In '2021', VIOT's debt to equity was 0.02, showing the balance between debt financing and shareholders' equity. The increase compared to '2020' may signal growing financial pressure. Industry average for Consumer Electronics/Appliances in '2021' stood at 0.19. Industry average declined by 0.59 from previous year.
• In '2022', VIOT's debt to equity was 0.10, showing the balance between debt financing and shareholders' equity. The increase compared to '2021' may signal growing financial pressure. Industry average for Consumer Electronics/Appliances in '2022' stood at 0.73. Industry average increased by 0.55 compared to previous year.
• In '2023', VIOT's debt to equity was 0.19, showing the balance between debt financing and shareholders' equity. The increase compared to '2022' may signal growing financial pressure. Industry average for Consumer Electronics/Appliances in '2023' stood at 0.42. Industry average declined by 0.32 from previous year.
Overall, VIOT's debt to equity has been volatile but showed an upward trend over the past 4 years.

Formula: Debt to Equity = Total Debt / Shareholders' Equity

Good Range: Below 1.0 is conservative; 1-2 is common depending on industry.