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noco-noco (noco-noco) Debt-to-Equity : -0.06 (As of Jun. 2023)


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What is noco-noco Debt-to-Equity?

noco-noco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.17 Mil. noco-noco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.04 Mil. noco-noco's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-3.68 Mil. noco-noco's debt to equity for the quarter that ended in Jun. 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 noco-noco's Debt-to-Equity or its related term are showing as below:

NCNC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.17   Med: -0.06   Max: -0.05
Current: -0.06

During the past 3 years, the highest Debt-to-Equity Ratio of noco-noco was -0.05. The lowest was -0.17. And the median was -0.06.

NCNC's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs NCNC: -0.06

noco-noco Debt-to-Equity Historical Data

The historical data trend for noco-noco'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.

noco-noco Debt-to-Equity Chart

noco-noco Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Equity
-0.17 -0.05 -0.06

noco-noco Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity -0.17 N/A -0.05 -0.25 -0.06

Competitive Comparison of noco-noco's Debt-to-Equity

For the Auto Parts subindustry, noco-noco'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.

noco-noco's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, noco-noco's Debt-to-Equity distribution charts can be found below:

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


noco-noco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

noco-noco's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
=(0.173 + 0.037) / -3.678
=-0.06

noco-noco's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.173 + 0.037) / -3.678
=-0.06

* 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.

noco-noco  (NAS:NCNC) 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.

noco-noco Debt-to-Equity Related Terms

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

noco-noco (noco-noco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » noco-noco Inc (NAS:NCNC) » Definitions » Debt-to-Equity
Comparable Companies
SCTH SYPR SUP WKSP STRT CAAS ID HYLN OMTK FLES TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
4 Shenton Way, No.04-06 SGX Centre 2, Singapore, SGP, 068807
Website
https://www.noco-noco.com
noco-noco Inc is an early-stage decarbonization solution provider in Asia, aiming to engage in the leasing of battery products, including batteries and BEVs to commercial transportation companies, and of ESS to renewable power plants and other power plants requiring grid stabilization and backup power; and (ii) carbon abatement solutions for landowners and carbon credit sales. noco-noco operates own-and-lease business model where it manufactures its battery products through OEMs and leases them to its clients. It also engages in carbon abatement solutions and carbon credit sales and cross-sells them to its battery business clients to offset carbon emissions from their operations.