Doric Nimrod Air Three (LSE:DNA3) Debt-to-Equity : 0.00 (As of Sep. 2023)

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

Doric Nimrod Air Three's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Doric Nimrod Air Three's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Doric Nimrod Air Three's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £86.17 Mil. Doric Nimrod Air Three's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

LSE:DNA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 1.26 Max: 2.76
Current: 0.28

During the past 7 years, the highest Debt-to-Equity Ratio of Doric Nimrod Air Three was 2.76. The lowest was 0.34. And the median was 1.26.

LSE:DNA3's Debt-to-Equity is ranked better than
58.08% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs LSE:DNA3: 0.28

Doric Nimrod Air Three Debt-to-Equity Historical Data

The historical data trend for Doric Nimrod Air Three'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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Doric Nimrod Air Three Debt-to-Equity Chart

Doric Nimrod Air Three Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.26

1.44

1.35

1.09

0.34

Doric Nimrod Air Three Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											1.08	1.09	0.84	0.34	-

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

For the Rental & Leasing Services subindustry, Doric Nimrod Air Three'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 Three's Debt-to-Equity Distribution in the Business Services Industry

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

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

Doric Nimrod Air Three Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doric Nimrod Air Three'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	+	24.136)	/	71.237
	=	0.34

Doric Nimrod Air Three'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	+	0)	/	86.171
	=	0.00

Doric Nimrod Air Three (LSE:DNA3) 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 Three Debt-to-Equity Related Terms

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Doric Nimrod Air Three (LSE:DNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Three Ltd (LSE:DNA3) » 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 4EU

Website

https://www.dnairthree.com

Doric Nimrod Air Three 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 is engaged in a single segment of business, being acquiring, leasing and then selling of the Aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.

Doric Nimrod Air Three (LSE:DNA3) Headlines

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