NextNav (NextNav) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is NextNav Debt-to-Equity?

NextNav's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.52 Mil. NextNav's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $63.59 Mil. NextNav's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $78.73 Mil. NextNav's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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

NN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.12 Med: 0.08 Max: 0.84
Current: 0.84

During the past 4 years, the highest Debt-to-Equity Ratio of NextNav was 0.84. The lowest was -0.12. And the median was 0.08.

NN's Debt-to-Equity is ranked worse than
81.82% of 2222 companies
in the Software industry
Industry Median: 0.21 vs NN: 0.84

NextNav Debt-to-Equity Historical Data

The historical data trend for NextNav'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.

NextNav Debt-to-Equity Chart

NextNav Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.12

0.08

0.84

NextNav Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.08	0.12	0.55	0.81	0.84

Competitive Comparison of NextNav's Debt-to-Equity

For the Software - Infrastructure subindustry, NextNav'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.

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

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

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

NextNav Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NextNav'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
	=	(2.523	+	63.592)	/	78.734
	=	0.84

NextNav'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
	=	(2.523	+	63.592)	/	78.734
	=	0.84

NextNav (NAS:NN) 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.

NextNav Debt-to-Equity Related Terms

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

NextNav (NextNav) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » Debt-to-Equity

Comparable Companies

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Traded in Other Exchanges

KK0:Germany

Address

1775 Tysons Boulevard, 5th Floor, McLean, VA, USA, 22102

Website

https://www.nextnav.com

NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.

Executives

David L. Knutson	officer: SVP, Operations & Deployment	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Sammaad Shams	officer: Corporate Controller	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Ganesh Pattabiraman	director, officer: CEO, President & Director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Arun Raghupathy	officer: SVP, Engineering	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Robert Lantz	officer: General Counsel	C/O NEXTNAV INC., 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Bandel L Carano	director	525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Gary Parsons	director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Peter D Aquino	director	MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Neil S Subin	director	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Christian D. Gates	officer: Chief Financial Officer	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Wocap Global Opportunity Investment Partners, L.p.	10 percent owner	2802 TIMMONS LANE, #27440, HOUSTON TX 77227
Roderick M. Forrest	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Edward Neil Halliday	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Tivin Turchiaro	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10