Novus Acquisition & Development (Novus Acquisition & Development) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Novus Acquisition & Development Debt-to-Equity?

Novus Acquisition & Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Novus Acquisition & Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Novus Acquisition & Development's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1.72 Mil. Novus Acquisition & Development'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 Novus Acquisition & Development's Debt-to-Equity or its related term are showing as below:

NDEV's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.235
* Ranked among companies with meaningful Debt-to-Equity only.

Novus Acquisition & Development Debt-to-Equity Historical Data

The historical data trend for Novus Acquisition & Development'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 Acquisition & Development Debt-to-Equity Chart

Novus Acquisition & Development Annual Data

Trend

Debt-to-Equity

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Debt-to-Equity	N/A	-

Competitive Comparison of Novus Acquisition & Development's Debt-to-Equity

For the Insurance - Diversified subindustry, Novus Acquisition & Development'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 Acquisition & Development's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's Debt-to-Equity distribution charts can be found below:

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

Novus Acquisition & Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novus Acquisition & Development's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Novus Acquisition & Development'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)	/	1.721
	=	0.00

Novus Acquisition & Development (OTCPK:NDEV) 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 Acquisition & Development Debt-to-Equity Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.