NWTN (NWTN) Debt-to-Equity : 0.10 (As of Jun. 2023)

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What is NWTN Debt-to-Equity?

NWTN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $17.71 Mil. NWTN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.59 Mil. NWTN's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $223.59 Mil. NWTN's debt to equity for the quarter that ended in Jun. 2023 was 0.10.

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

NWTN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.49 Med: -0.12 Max: 0.1
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of NWTN was 0.10. The lowest was -0.49. And the median was -0.12.

NWTN's Debt-to-Equity is ranked better than
83.43% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs NWTN: 0.10

NWTN Debt-to-Equity Historical Data

The historical data trend for NWTN'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.

NWTN Debt-to-Equity Chart

NWTN Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-0.12

-0.49

0.08

NWTN Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-0.49	-0.46	0.08	0.10

Competitive Comparison of NWTN's Debt-to-Equity

For the Auto Manufacturers subindustry, NWTN'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.

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

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

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

NWTN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NWTN's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(18.858	+	3.921)	/	280.804
	=	0.08

NWTN'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
	=	(17.714	+	3.589)	/	223.591
	=	0.10

NWTN (NAS:NWTN) 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.

NWTN Debt-to-Equity Related Terms

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NWTN (NWTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NWTN Inc (NAS:NWTN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, ARE

Website

https://www.nwtnmotors.com

NWTN Inc is a pioneering smart electric vehicle company which aims to integrate avant-garde design, life-style personalization, IoT connectivity, and autonomous driving technology into a passenger-centric green premium mobility solution to the world.