Novus Holdings (JSE:NVS) Debt-to-Equity : 0.21 (As of Sep. 2023)

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What is Novus Holdings Debt-to-Equity?

Novus Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R96 Mil. Novus Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R376 Mil. Novus Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R2,271 Mil. Novus Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.21.

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

JSE:NVS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.24
Current: 0.21

During the past 10 years, the highest Debt-to-Equity Ratio of Novus Holdings was 0.24. The lowest was 0.01. And the median was 0.09.

JSE:NVS's Debt-to-Equity is ranked better than
63.74% of 921 companies
in the Business Services industry
Industry Median: 0.37 vs JSE:NVS: 0.21

Novus Holdings Debt-to-Equity Historical Data

The historical data trend for Novus Holdings'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.

Novus Holdings Debt-to-Equity Chart

Novus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.10

0.06

0.05

0.02

0.24

Novus Holdings 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															0.03	0.02	0.01	0.24	0.21

Competitive Comparison of Novus Holdings's Debt-to-Equity

For the Specialty Business Services subindustry, Novus Holdings'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.

Novus Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Novus Holdings's Debt-to-Equity distribution charts can be found below:

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

Novus Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novus Holdings'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
	=	(325.546	+	189.394)	/	2169.867
	=	0.24

Novus Holdings'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
	=	(95.665	+	375.869)	/	2271.335
	=	0.21

Novus Holdings (JSE:NVS) 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.

Novus Holdings Debt-to-Equity Related Terms

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Novus Holdings (JSE:NVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Novus Holdings Ltd (JSE:NVS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N09:Germany

Address

10 Freedom Way, Marconi Beam, Montague Gardens, Milnerton, Cape Town, WC, ZAF, 7441

Website

https://www.novus.holdings

Novus Holdings Ltd services South Africa and the African continent through its print production of all short to long-run requirements of educational materials, magazines, retail inserts, catalogs, books, newspapers, and commercial work, as well as security and digital printing. The company's reportable segment comprises Printing, Education, and Packaging where printing includes gravure, headset, coldest, sheet-fed, and digital, education contains educational content and packaging includes labels and flexible packaging. Other includes non-print or packaging products. The Majority of the firm's revenue is derived from the Printing segment.