NUGL (NUGL) Debt-to-Equity : 0.78 (As of Sep. 2023)

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What is NUGL Debt-to-Equity?

NUGL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.91 Mil. NUGL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.70 Mil. NUGL's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2.07 Mil. NUGL's debt to equity for the quarter that ended in Sep. 2023 was 0.78.

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

NUGL' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.19 Med: -0.92 Max: 0.78
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of NUGL was 0.78. The lowest was -1.19. And the median was -0.92.

NUGL's Debt-to-Equity is ranked worse than
84.89% of 417 companies
in the Interactive Media industry
Industry Median: 0.16 vs NUGL: 0.78

NUGL Debt-to-Equity Historical Data

The historical data trend for NUGL'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.

NUGL Debt-to-Equity Chart

NUGL Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec16

Dec17

Dec18

Debt-to-Equity

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-0.92

N/A

-1.14

-0.98

NUGL Quarterly Data
	Dec12	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Dec18	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-1.19	-0.99	-0.98	N/A	0.78

Competitive Comparison of NUGL's Debt-to-Equity

For the Internet Content & Information subindustry, NUGL'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.

NUGL's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NUGL's Debt-to-Equity distribution charts can be found below:

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

NUGL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NUGL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(0.548	+	0)	/	-0.562
	=	-0.98

NUGL's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.914	+	0.7)	/	2.069
	=	0.78

NUGL (OTCPK:NUGL) 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.

NUGL Debt-to-Equity Related Terms

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NUGL (NUGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NUGL Inc (OTCPK:NUGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13771 Roswell Avenue, Suite F, Chino Hills, CA, USA, 91701

Website

https://www.nugl.com

NUGL Inc through Kaya Group operates multifaceted cannabis lifestyle company with a portfolio of powerful brands. The combined resources and expanded international exchange provide the combined companies growth opportunities, larger markets and a larger client base. Kaya operates lifestyle and wellness brand from locations, consumption lounge, maintaining facility and product/brand launch in Southern California. NUGL provides search engine and online directory, and multi-media platform created by technology professionals for the marijuana industry that adjusts rankings based on community input. NUGL App highlights profiles for businesses in all sectors of the cannabis industry, including retail stores, brands, services, events.