Nowigence (Nowigence) Debt-to-Asset : 1.43 (As of Dec. 2022)

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What is Nowigence Debt-to-Asset?

Nowigence's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.09 Mil. Nowigence's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.32 Mil. Nowigence's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2022 was $0.28 Mil. Nowigence's debt to asset for the quarter that ended in Dec. 2022 was 1.43.

Nowigence Debt-to-Asset Historical Data

The historical data trend for Nowigence's Debt-to-Asset 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.

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Nowigence Debt-to-Asset Chart

Nowigence Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

0.35

0.37

1.43

Nowigence Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22
Debt-to-Asset	0.35	0.37	0.35	1.43

Competitive Comparison of Nowigence's Debt-to-Asset

For the Software - Application subindustry, Nowigence's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Nowigence's Debt-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where Nowigence's Debt-to-Asset falls into.

Nowigence Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nowigence's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.085	+	0.321)	/	0.284
	=	1.43

Nowigence's Debt-to-Asset for the quarter that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.085	+	0.321)	/	0.284
	=	1.43

Nowigence (OTCPK:NOWG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nowigence Debt-to-Asset Related Terms

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Nowigence (Nowigence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowigence Inc (OTCPK:NOWG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

418 Broadway, 2nd Floor, Albany, NY, USA, 12207

Website

https://www.nowigence.com

Nowigence Inc is a software-as-a-service (SaaS) company focused on developing and bringing to market Pluaris, which is a comprehensive, ready-to-use artificial intelligence (AI) platform. Pluaris is created to replace contemporary search boxes found in apps, cloud data storage tools, intranets, or company websites.