Nictus (JSE:NCS) Debt-to-Equity : 0.06 (As of Sep. 2023)

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What is Nictus Debt-to-Equity?

Nictus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R3.69 Mil. Nictus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R3.28 Mil. Nictus's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R110.41 Mil. Nictus's debt to equity for the quarter that ended in Sep. 2023 was 0.06.

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

JSE:NCS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.12
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Nictus was 0.12. The lowest was 0.01. And the median was 0.08.

JSE:NCS's Debt-to-Equity is ranked better than
91.03% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs JSE:NCS: 0.06

Nictus Debt-to-Equity Historical Data

The historical data trend for Nictus'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.

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Nictus Debt-to-Equity Chart

Nictus Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.10

0.12

0.08

Nictus Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.12	0.10	0.08	0.06

Competitive Comparison of Nictus's Debt-to-Equity

For the Specialty Retail subindustry, Nictus'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.

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

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

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

Nictus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nictus's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3.915	+	4.961)	/	112.583
	=	0.08

Nictus's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.691	+	3.284)	/	110.406
	=	0.06

Nictus (JSE:NCS) 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.

Nictus Debt-to-Equity Related Terms

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

Nictus (JSE:NCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Ltd (JSE:NCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block C, 1st Floor, 392 Main Road, The Main Straight Office Park, Bryanston, ZAF, 2191

Website

http://www.nictuslimited.co.za

Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance and Finance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.

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