Next (LSE:NXT) Debt-to-Equity

: 1.27 (As of Jan. 2024)

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Next's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £227 Mil. Next's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £1,690 Mil. Next's Total Stockholders Equity for the quarter that ended in Jan. 2024 was £1,512 Mil. Next's debt to equity for the quarter that ended in Jan. 2024 was 1.27.

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

LSE:NXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.27 Med: 2.43 Max: 7.23
Current: 1.27

During the past 13 years, the highest Debt-to-Equity Ratio of Next was 7.23. The lowest was 1.27. And the median was 2.43.

LSE:NXT's Debt-to-Equity is ranked worse than
75.72% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs LSE:NXT: 1.27

Next Debt-to-Equity Historical Data

The historical data trend for Next'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.

Next Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

5.64

3.70

2.09

1.65

1.27

Next Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity																2.09	2.37	1.65	1.66	1.27

Competitive Comparison

For the Apparel Retail subindustry, Next'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.

Next Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Debt-to-Equity distribution charts can be found below:

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

Next Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 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
	=	(226.5	+	1690.2)	/	1511.9
	=	1.27

Next's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(226.5	+	1690.2)	/	1511.9
	=	1.27

Next (LSE: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.

Next Debt-to-Equity Related Terms

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Next (LSE:NXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Next PLC (LSE:NXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NXGPY:USA NXTl:UK NXG:Germany

Address

Desford Road, Enderby, Leicester, GBR, LE19 4AT

Website

https://www.nextplc.co.uk

Next PLC is a retailer that sells clothing, footwear, accessories, and home products. most of the company's offerings consist of its own Next-branded products. Almost all of Next's revenue comes from its hundreds of stores in the United Kingdom and through its online and catalog business that reaches dozens of other countries. most of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance, NEXT Retail, NEXT International Retail, Sourcing and other, and Property Management. Roughly 90% of the company's revenue comes from customers in the United Kingdom.