Doric Nimrod Air Two (LSE:DNA2) Debt-to-Equity : 0.03 (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Doric Nimrod Air Two Debt-to-Equity?

Doric Nimrod Air Two's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.0 Mil. Doric Nimrod Air Two's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £5.4 Mil. Doric Nimrod Air Two's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £214.4 Mil. Doric Nimrod Air Two's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 Doric Nimrod Air Two's Debt-to-Equity or its related term are showing as below:

LSE:DNA2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.93 Max: 1.88
Current: 0.03

During the past 12 years, the highest Debt-to-Equity Ratio of Doric Nimrod Air Two was 1.88. The lowest was 0.03. And the median was 0.93.

LSE:DNA2's Debt-to-Equity is ranked better than
91.27% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs LSE:DNA2: 0.03

Doric Nimrod Air Two Debt-to-Equity Historical Data

The historical data trend for Doric Nimrod Air Two'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.

Doric Nimrod Air Two Debt-to-Equity Chart

Doric Nimrod Air Two Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

0.99

0.72

0.43

0.05

Doric Nimrod Air Two Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial														0.54	0.43	0.27	0.05	0.03

Competitive Comparison of Doric Nimrod Air Two's Debt-to-Equity

For the Rental & Leasing Services subindustry, Doric Nimrod Air Two'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.

Doric Nimrod Air Two's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Doric Nimrod Air Two's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Doric Nimrod Air Two's Debt-to-Equity falls into.

Doric Nimrod Air Two Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doric Nimrod Air Two'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
	=	(0	+	9.793)	/	198.751
	=	0.05

Doric Nimrod Air Two'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
	=	(0	+	5.403)	/	214.386
	=	0.03

Doric Nimrod Air Two (LSE:DNA2) 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.

Doric Nimrod Air Two Debt-to-Equity Related Terms

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

Doric Nimrod Air Two (LSE:DNA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Two Ltd (LSE:DNA2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 2HT

Website

http://www.dnairtwo.com

Doric Nimrod Air Two Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The company has seven Airbus A380-861 aircraft all of which are on long-term leases with Emirates Airlines. The Group is engaged in a single segment of business, acquiring, leasing and then selling of Aircraft.

Doric Nimrod Air Two (LSE:DNA2) Headlines

No Headlines