Nova Vision Acquisition (Nova Vision Acquisition) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Nova Vision Acquisition Debt-to-Equity?

Nova Vision Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.48 Mil. Nova Vision Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Nova Vision Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $14.83 Mil. Nova Vision Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Nova Vision Acquisition's Debt-to-Equity or its related term are showing as below:

NOVV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.17
Current: 0.17

During the past 3 years, the highest Debt-to-Equity Ratio of Nova Vision Acquisition was 0.17. The lowest was 0.01. And the median was 0.07.

NOVV's Debt-to-Equity is ranked worse than
61.67% of 287 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs NOVV: 0.17

Nova Vision Acquisition Debt-to-Equity Historical Data

The historical data trend for Nova Vision Acquisition'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.

Nova Vision Acquisition Debt-to-Equity Chart

Nova Vision Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

0.13

Nova Vision Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.05	0.07	0.09	0.13	0.17

Competitive Comparison of Nova Vision Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Nova Vision Acquisition'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.

Nova Vision Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nova Vision Acquisition's Debt-to-Equity distribution charts can be found below:

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

Nova Vision Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova Vision Acquisition's Debt to Equity Ratio for the fiscal year 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
	=	(1.999	+	0)	/	14.871
	=	0.13

Nova Vision Acquisition's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2.477	+	0)	/	14.831
	=	0.17

Nova Vision Acquisition (NAS:NOVV) 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.

Nova Vision Acquisition Debt-to-Equity Related Terms

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Nova Vision Acquisition (Nova Vision Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nova Vision Acquisition Corp (NAS:NOVV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Havelock Road, No. 07-12, Singapore, SGP, 059763

Website

Nova Vision Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wing Ho Ngan	director, 10 percent owner	3 OCEAN WAY,, #05-07,, SINGAPORE U0 098368
Ma Chun Fung Horace	director	FLAT C, 12/F, 42 BROADWAY, MEI FOO SUN CHUEN, KOWLOON, HONG KONG F4 999077
Cheng Tin Lun Brian	director	FLAT 1A, 33/F, CLOVELLY COURT, 12 MAY ROAD, HONG KONG F4 999077
Philip Richard Herbert	director	5B, KELLETT HTS, 61 MT KELLETT ROAD, PEAK, HONG KONG F4 999077
Wong Eric Ping Hang	director, officer: CEO & CFO	UNIT D, 48/F., TOWER 2,, SORRENTO,1 AUSTIN RD W, TSIM SHA TSUI,, KOWLOON, HONG KONG F4 00000
Nova Pulsar Holdings Ltd	10 percent owner	3 OCEAN WAY #5-7, SINGAPORE U0 098368