Nickel Industries (ASX:NIC) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Nickel Industries Debt-to-Equity?

Nickel Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$384 Mil. Nickel Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$878 Mil. Nickel Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,623 Mil. Nickel Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

ASX:NIC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.03 Med: 0.32 Max: 0.43
Current: 0.35

During the past 5 years, the highest Debt-to-Equity Ratio of Nickel Industries was 0.43. The lowest was -0.03. And the median was 0.32.

ASX:NIC's Debt-to-Equity is ranked worse than
68.42% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:NIC: 0.35

Nickel Industries Debt-to-Equity Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries Debt-to-Equity Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.03

0.05

0.32

0.43

0.35

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.32	0.25	0.43	0.44	0.35

Competitive Comparison of Nickel Industries's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.

Nickel Industries's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel Industries's Debt-to-Equity distribution charts can be found below:

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

Nickel Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nickel Industries'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
	=	(384.36	+	878.104)	/	3623.029
	=	0.35

Nickel Industries'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
	=	(384.36	+	878.104)	/	3623.029
	=	0.35

Nickel Industries (ASX:NIC) 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.

Nickel Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nickel Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.