Nuix (ASX:NXL) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Nuix Debt-to-Equity?

Nuix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.4 Mil. Nuix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$7.2 Mil. Nuix's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$268.7 Mil. Nuix's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

ASX:NXL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.15
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of Nuix was 0.15. The lowest was 0.04. And the median was 0.05.

ASX:NXL's Debt-to-Equity is ranked better than
82.48% of 2215 companies
in the Software industry
Industry Median: 0.21 vs ASX:NXL: 0.04

Nuix Debt-to-Equity Historical Data

The historical data trend for Nuix'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.

* Premium members only.

Nuix Debt-to-Equity Chart

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.06

0.04

0.05

0.04

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.05	0.05	0.05	0.04	0.04

Competitive Comparison of Nuix's Debt-to-Equity

For the Software - Application subindustry, Nuix'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.

Nuix's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Nuix's Debt-to-Equity distribution charts can be found below:

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

Nuix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuix's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3.028	+	8.088)	/	270.842
	=	0.04

Nuix's Debt to Equity Ratio for the quarter 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
	=	(3.374	+	7.206)	/	268.707
	=	0.04

Nuix (ASX:NXL) 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.

Nuix Debt-to-Equity Related Terms

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Nuix (ASX:NXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nuix Ltd (ASX:NXL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.