NextSource Materials (TSX:NEXT) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is NextSource Materials Debt-to-Equity?

NextSource Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.85 Mil. NextSource Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$14.70 Mil. NextSource Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$75.23 Mil. NextSource Materials's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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

TSX:NEXT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.2 Med: -0.01 Max: 0.46
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of NextSource Materials was 0.46. The lowest was -0.20. And the median was -0.01.

TSX:NEXT's Debt-to-Equity is ranked worse than
58.83% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:NEXT: 0.22

NextSource Materials Debt-to-Equity Historical Data

The historical data trend for NextSource Materials'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.

NextSource Materials Debt-to-Equity Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-0.04

-0.11

0.46

NextSource Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.46	0.01	0.23	0.22

Competitive Comparison of NextSource Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.

NextSource Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NextSource Materials's Debt-to-Equity distribution charts can be found below:

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

NextSource Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NextSource Materials'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
	=	(1.71	+	13.564)	/	33.483
	=	0.46

NextSource Materials'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
	=	(1.848	+	14.704)	/	75.23
	=	0.22

NextSource Materials (TSX:NEXT) 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.

NextSource Materials Debt-to-Equity Related Terms

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NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.