Newegg Commerce (Newegg Commerce) Debt-to-Equity : 0.70 (As of Dec. 2023)

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What is Newegg Commerce Debt-to-Equity?

Newegg Commerce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21.3 Mil. Newegg Commerce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $69.2 Mil. Newegg Commerce's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $129.4 Mil. Newegg Commerce's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

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

NEGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.61 Max: 0.7
Current: 0.7

During the past 5 years, the highest Debt-to-Equity Ratio of Newegg Commerce was 0.70. The lowest was 0.44. And the median was 0.61.

NEGG's Debt-to-Equity is ranked worse than
53.95% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs NEGG: 0.70

Newegg Commerce Debt-to-Equity Historical Data

The historical data trend for Newegg Commerce'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.

Newegg Commerce Debt-to-Equity Chart

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.44

0.59

0.62

0.70

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.57	0.62	0.83	0.67	0.70

Competitive Comparison of Newegg Commerce's Debt-to-Equity

For the Internet Retail subindustry, Newegg Commerce'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.

Newegg Commerce's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Newegg Commerce's Debt-to-Equity distribution charts can be found below:

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

Newegg Commerce Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newegg Commerce'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
	=	(21.328	+	69.236)	/	129.392
	=	0.70

Newegg Commerce'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
	=	(21.328	+	69.236)	/	129.392
	=	0.70

Newegg Commerce (NAS:NEGG) 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.

Newegg Commerce Debt-to-Equity Related Terms

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Newegg Commerce (Newegg Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.