Nextdc (ASX:NXT) Debt-to-Equity : 0.65 (As of Dec. 2023)

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What is Nextdc Debt-to-Equity?

Nextdc's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.9 Mil. Nextdc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,440.8 Mil. Nextdc's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,239.6 Mil. Nextdc's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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

ASX:NXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.55 Max: 1
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Nextdc was 1.00. The lowest was 0.30. And the median was 0.55.

ASX:NXT's Debt-to-Equity is ranked worse than
77% of 2213 companies
in the Software industry
Industry Median: 0.21 vs ASX:NXT: 0.65

Nextdc Debt-to-Equity Historical Data

The historical data trend for Nextdc'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.

Nextdc Debt-to-Equity Chart

Nextdc Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.99

0.52

0.67

0.63

Nextdc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.68	0.67	0.79	0.63	0.65

Competitive Comparison of Nextdc's Debt-to-Equity

For the Information Technology Services subindustry, Nextdc'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.

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

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

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

Nextdc Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nextdc'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
	=	(6.681	+	1435.392)	/	2276.618
	=	0.63

Nextdc'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
	=	(6.904	+	1440.773)	/	2239.595
	=	0.65

Nextdc (ASX:NXT) 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.

Nextdc Debt-to-Equity Related Terms

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Nextdc (ASX:NXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nextdc Ltd (ASX:NXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NXDCF:USA 2NX:Germany

Address

20 Wharf Street, Brisbane, QLD, AUS, 4000

Website

https://www.nextdc.com

NextDC operates 13 data centers across five major Australian cities with a focus on colocation of and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 7 data centers in development or planning stage. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company's tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency, that is, speed up the transfer of data. NextDC services tenants of all sizes.