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Nortek (Nortek) Debt-to-Equity : 38.08 (As of Jun. 2016)


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What is Nortek Debt-to-Equity?

Nortek's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $7 Mil. Nortek's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $1,360 Mil. Nortek's Total Stockholders Equity for the quarter that ended in Jun. 2016 was $36 Mil. Nortek's debt to equity for the quarter that ended in Jun. 2016 was 38.08.

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

NTK's Debt-to-Equity is not ranked *
in the Building Materials industry.
Industry Median: 0.39
* Ranked among companies with meaningful Debt-to-Equity only.

Nortek Debt-to-Equity Historical Data

The historical data trend for Nortek'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.

Nortek Debt-to-Equity Chart

Nortek Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.24 11.69 10.98 31.90 113.21

Nortek Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.24 206.38 113.21 76.00 38.08

Competitive Comparison of Nortek's Debt-to-Equity

For the Building Materials subindustry, Nortek'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.


Nortek's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Nortek's Debt-to-Equity distribution charts can be found below:

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



Nortek Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nortek's Debt to Equity Ratio for the fiscal year that ended in Dec. 2015 is calculated as

Nortek's Debt to Equity Ratio for the quarter that ended in Jun. 2016 is calculated as

* 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.


Nortek  (NAS:NTK) 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.


Nortek Debt-to-Equity Related Terms

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


Nortek (Nortek) Business Description

Traded in Other Exchanges
N/A
Address
Nortek Inc was incorporated in Delaware. The Company and its wholly-owned subsidiaries are diversified manufacturers of innovative, branded residential and commercial building products. The Company operates within five reporting segments: the Residential Ventilation ("RESV") segment, the Technology Solutions ("TECH") segment, the Display Mount Solutions ("DMS") segment, the Residential Heating and Cooling ("RHC") segment, and the Custom & Engineered Solutions ("CES") segment. The Company manufactures and sells, primarily in the United States, Canada and Europe. The Company's Residential Ventilation Products segment manufactures and distributes room and whole house ventilation products and other products for the professional remodeling and replacement markets, residential new construction market and DIY market. The principal products of the segment, which are sold under the Broan, NuTone, Venmar, Best and Zephyr brand names, among others, are kitchen range hoods, exhaust fans (such as bath fans and fan, heater and light combination units), and indoor air quality products (such as air exchangers and heat or energy recovery ventilators). The Company's TECH segment manufactures and distributes a broad array of products designed to provide convenience and security for residential and certain commercial applications. The Company's DMS segment manufactures and distributes a broad array of innovative products designed with ergonomic features including wall mounts, carts, arms, desk mounts, workstations, and stands that attach to or support a variety of display devices such as notebook computers, computer monitors, and flat panel displays. The RHC segment principally manufactures and sells split-system and packaged air conditioners and heat pumps, air handlers, furnaces and related equipment, accessories, and parts for the residential replacement and new construction markets, as well as for certain commercial markets. The CES segment manufactures and sells custom-designed and engineered HVAC products and systems, primarily in North America, for non-residential applications that include healthcare and educational facilities, commercial buildings, manufacturing facilities, clean rooms, data centers, and government buildings. The Company is subject to numerous federal, state, local and foreign laws and regulations.
Executives
James B Hirshorn director C/O NORTEK, INC., 500 EXCHANGE STREET, PROVIDENCE RI 02903
Jeffrey Lee Mueller officer: Group President, AQH GENERAC POWER SYSTEMS, INC., S45 W29290 HWY. 59, WAUKESHA WI 53189
John T Coleman director C/O ROSETTA STONE 1919 NORTH LYNN STREET 7TH FLOOR ARLINGTON VA 22209
J David Smith director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Donald W. Reilly officer: VP, Corp. Controller and CAO C/O KVH INDUSTRIES, INC., 50 ENTERPRISE CENTER, MIDDLETOWN RI 02842
Michael Joseph Clarke director, officer: President and CEO C/O NORTEK, INC., 500 EXCHANGE STREET, PROVIDENCE RI 02903
Joseph Anthony Arcuri director C/O NEWELL RUBBERMAID INC., 3 GLENLAKE PARKWAY, ATLANTA GA 30328
Bennett Rosenthal director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Chris Mcwilton director MASTERCARD INTERNATIONAL, 2000 PURCHASE STREET, PURCHASE NY 10577-2509
Ares Partners Holdco Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdings Inc. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp 10 percent owner 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Operating Manager Iii Llc 10 percent owner C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067

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