The characteristics of voltage-resonant dc-dc converters have already been analyzed and described. However, in the conventional analysis, the inductance of the reactor is assumed to be infinity and the loss resistance of the power circuit is not taken into account. Also, in some cases, the averaging method is applied to analyze the resonant dc-dc converters as well as the pwm dc-dc converters. Consequently, the results from conventional analysis are not entirely in agreement with the experimental ones. This paper presents a general design-oriented analysis of the buck-boost type voltage-resonant dc-dc converter in the continuous and discontinuous modes of the reactor current. In this analysis, the loss resistance in each part of the power circuit, the inductance of the reactor, the effective value (not mean value) of the power loss, and the energy-balance among the input, output and internal-loss powers are taken into account. As a result, the behavior and characteristics of the buck-boost type voltage-resonant dc-dc converter are fully explained. It is also revealed that there is a useful mode in the discontinuous reactor current region, in which the output voltage can be regulated sufficiently for the load change from no load to full load and for the relatively large change of the input voltage, and then the change in the switching frequency can be kept relatively small.