Brilliant NEV (Brilliant NEV) Debt-to-Equity : -1.03 (As of Jan. 2024)

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What is Brilliant NEV Debt-to-Equity?

Brilliant NEV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.03 Mil. Brilliant NEV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Brilliant NEV's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-0.03 Mil. Brilliant NEV's debt to equity for the quarter that ended in Jan. 2024 was -1.03.

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

BNEV' s Debt-to-Equity Range Over the Past 10 Years
Min: -49.71 Med: -1.26 Max: 5.5
Current: -1.03

During the past 8 years, the highest Debt-to-Equity Ratio of Brilliant NEV was 5.50. The lowest was -49.71. And the median was -1.26.

BNEV's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs BNEV: -1.03

Brilliant NEV Debt-to-Equity Historical Data

The historical data trend for Brilliant NEV'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.

Brilliant NEV Debt-to-Equity Chart

Brilliant NEV Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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-1.00

-4.75

-2.26

-0.27

-0.80

Brilliant NEV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-1.10	-1.03	-0.80	-1.26	-1.03

Competitive Comparison of Brilliant NEV's Debt-to-Equity

For the Shell Companies subindustry, Brilliant NEV'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.

Brilliant NEV's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Brilliant NEV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brilliant NEV's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.004	+	0)	/	-0.005
	=	-0.80

Brilliant NEV's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.033	+	0)	/	-0.032
	=	-1.03

Brilliant NEV (OTCPK:BNEV) 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.

Brilliant NEV Debt-to-Equity Related Terms

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Brilliant NEV (Brilliant NEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Brilliant NEV Corp (OTCPK:BNEV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintiandi Business Center, Room 805, West Building 4, Gongshu District, Hangzhou, Zhejiang Province, CHN, 100023

Website

http://www.corpclancy.com

Brilliant NEV Corp is engaged in providing business consulting services to small and medium-sized businesses. These services can be segregated into the following four segments Information technology consulting and training services, Information technology operation and maintenance and supporting services, Design, development, and testing services, Data processing and integration implementation services.

Brilliant NEV (Brilliant NEV) Headlines

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