New Momentum (New Momentum) Debt-to-Equity : -0.15 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is New Momentum Debt-to-Equity?

New Momentum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.10 Mil. New Momentum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. New Momentum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.66 Mil. New Momentum's debt to equity for the quarter that ended in Dec. 2023 was -0.15.

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

NNAX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.43 Med: -0.18 Max: -0.08
Current: -0.15

During the past 5 years, the highest Debt-to-Equity Ratio of New Momentum was -0.08. The lowest was -0.43. And the median was -0.18.

NNAX's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs NNAX: -0.15

New Momentum Debt-to-Equity Historical Data

The historical data trend for New Momentum'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.

New Momentum Debt-to-Equity Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.21

-0.08

-0.43

-0.15

New Momentum Quarterly Data
	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														-0.43	-1.07	-0.34	-0.33	-0.15

Competitive Comparison of New Momentum's Debt-to-Equity

For the Travel Services subindustry, New Momentum'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.

New Momentum's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Debt-to-Equity distribution charts can be found below:

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

New Momentum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Momentum'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
	=	(0.101	+	0)	/	-0.658
	=	-0.15

New Momentum'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
	=	(0.101	+	0)	/	-0.658
	=	-0.15

New Momentum (OTCPK:NNAX) 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.

New Momentum Debt-to-Equity Related Terms

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

New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

New Momentum (New Momentum) Headlines

No Headlines