INX Digital Co (NEOE:INXD) Debt-to-Equity : 0.04 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is INX Digital Co Debt-to-Equity?

INX Digital Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.44 Mil. INX Digital Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.54 Mil. INX Digital Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$24.49 Mil. INX Digital Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 INX Digital Co's Debt-to-Equity or its related term are showing as below:

NEOE:INXD' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.01 Med: 0.08 Max: 0.08
Current: 0.08

During the past 4 years, the highest Debt-to-Equity Ratio of INX Digital Co was 0.08. The lowest was -0.01. And the median was 0.08.

NEOE:INXD's Debt-to-Equity is ranked better than
69.31% of 2222 companies
in the Software industry
Industry Median: 0.21 vs NEOE:INXD: 0.08

INX Digital Co Debt-to-Equity Historical Data

The historical data trend for INX Digital Co'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.

INX Digital Co Debt-to-Equity Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.01

0.08

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.07	1.93	-0.12	0.08	0.04

Competitive Comparison of INX Digital Co's Debt-to-Equity

For the Software - Application subindustry, INX Digital Co'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.

INX Digital Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, INX Digital Co's Debt-to-Equity distribution charts can be found below:

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

INX Digital Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

INX Digital Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.523	+	0.643)	/	15.522
	=	0.08

INX Digital Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.437	+	0.541)	/	24.485
	=	0.04

INX Digital Co (NEOE:INXD) 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.

INX Digital Co Debt-to-Equity Related Terms

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

INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

No Headlines