NICE (NICE) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is NICE Debt-to-Equity?

NICE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $223 Mil. NICE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $560 Mil. NICE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,341 Mil. NICE's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

NICE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.26 Max: 0.33
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of NICE was 0.33. The lowest was 0.23. And the median was 0.26.

NICE's Debt-to-Equity is ranked worse than
51.35% of 2222 companies
in the Software industry
Industry Median: 0.21 vs NICE: 0.23

NICE Debt-to-Equity Historical Data

The historical data trend for NICE'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.

NICE Debt-to-Equity Chart

NICE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.31

0.33

0.26

0.23

NICE 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	Get a 7-Day Free Trial															0.26	0.26	0.25	0.23	0.23

Competitive Comparison of NICE's Debt-to-Equity

For the Software - Application subindustry, NICE'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.

NICE's Debt-to-Equity Distribution in the Software Industry

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

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

NICE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NICE'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
	=	(222.976	+	559.99)	/	3341.132
	=	0.23

NICE'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
	=	(222.976	+	559.99)	/	3341.132
	=	0.23

NICE (NAS:NICE) 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.

NICE Debt-to-Equity Related Terms

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NICE (NICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (NAS:NICE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NICE:Israel NSY:Germany N1IC34:Brazil

Address

13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602

Website

https://www.nice.com

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.