Nasdaq (Nasdaq) Debt-to-Equity

: 1.01 (As of Dec. 2023)

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Nasdaq's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $291 Mil. Nasdaq's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,580 Mil. Nasdaq's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,816 Mil. Nasdaq's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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

NDAQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.71 Max: 1.01
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Nasdaq was 1.01. The lowest was 0.40. And the median was 0.71.

NDAQ's Debt-to-Equity is ranked worse than
72.98% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs NDAQ: 1.01

Nasdaq Debt-to-Equity Historical Data

The historical data trend for Nasdaq'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.

Nasdaq Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.66

0.92

0.97

0.95

1.01

Nasdaq Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.95	0.90	1.66	1.56	1.01

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.

Nasdaq Debt-to-Equity Distribution

For the Capital Markets industry and Financial Services sector, Nasdaq's Debt-to-Equity distribution charts can be found below:

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

Nasdaq Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nasdaq'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
	=	(291	+	10580)	/	10816
	=	1.01

Nasdaq's Debt to Equity Ratio for the quarter 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
	=	(291	+	10580)	/	10816
	=	1.01

Nasdaq (NAS:NDAQ) 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.

Nasdaq Debt-to-Equity Related Terms

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

Nasdaq (Nasdaq) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nasdaq Inc (NAS:NDAQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NDAQ:Mexico NAQ:Germany NAQ:Germany NAQ:Germany N1DA34:Brazil NDAQ:Austria

Address

151 W. 42nd Street, New York, NY, USA, 10036

Website

https://www.nasdaq.com

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

Executives

Adenza Parent, Lp	director, 10 percent owner	ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150
Spaht Paul Holden Jr.	director	600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Thoma Bravo Ugp, Llc	director, 10 percent owner	110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606
Ann M Dennison	officer: Controller and Prin Acctg Ofcr	ONE LIBERTY PLAZA, NEW YORK NY 10006
Johan Torgeby	director	151 W. 42ND STREET, NEW YORK NY 10036
Jeffery W Yabuki	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Adena T Friedman	officer: Executive Vice President	1801 K STREET, N.W., WASHINGTON DC 20006
Michael R Splinter	director
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Bryan Everard Smith	officer: Executive Vice President	151 W. 42ND STREET, NEW YORK NY 10036
Michelle Lynn Daly	officer: Controller and Prin Acctg Ofcr	151 W. 42ND STREET, NEW YORK NY 10036
Brendan Brothers	officer: Interim Head of AFC	151 W. 42ND STREET, NEW YORK NY 10036
Jeremy Skule	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK MD 20850
Bradley J Peterson	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006
Pc Nelson Griggs	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006