What is Nova Lifestyle Debt-to-Equity?
Nova Lifestyle's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.70 Mil. Nova Lifestyle's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.41 Mil. Nova Lifestyle's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.50 Mil.
Nova Lifestyle's debt to equity for the quarter that ended in Dec. 2023 was 4.26.
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 Nova Lifestyle's Debt-to-Equity or its related term are showing as below:
NVFY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 4.26
Current: 4.26
During the past 13 years, the highest Debt-to-Equity Ratio of Nova Lifestyle was 4.26. The lowest was 0.04. And the median was 0.13.
Nova Lifestyle Debt-to-Equity Historical Data
The historical data trend for Nova Lifestyle'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.
Nova Lifestyle Debt-to-Equity Chart
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Nova Lifestyle Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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0.04 |
0.06 |
0.15 |
0.43 |
4.26 |
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Nova Lifestyle Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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0.43 |
0.49 |
0.51 |
0.58 |
4.26 |
Competitive Comparison of Nova Lifestyle's Debt-to-Equity
For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.
Nova Lifestyle's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nova Lifestyle's Debt-to-Equity falls into.
Nova Lifestyle Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Nova Lifestyle's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Nova Lifestyle's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.
Nova Lifestyle (Nova Lifestyle) Business Description
Traded in Other Exchanges
Address
6565 East Washington Boulevard, Commerce, CA, USA, 90040
Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.
Executives
| Umesh Patel |
director |
6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040 |
| Min Su |
director, officer: Corporate Secretary |
C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040 |
| Jeffrey Chuang |
officer: Chief Financial Officer |
C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040 |
| Steven Qiang Liu |
10 percent owner |
6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040 |
| Yuen Ching Ho |
10 percent owner, officer: Chief Financial Officer |
6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040 |
| Huy P La |
director |
6565 E WASHINGTON BLVD, COMMERCE CA 90040 |
| Joyal St. |
10 percent owner |
6565 E WASHINGTON BLVD #518, COMMERCE CA 90040 |
| Ya Ming Wong |
director, 10 percent owner, officer: CEO and Chairman |
6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040 |
| Thanh H Lam |
director, officer: President |
6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040 |
| Peter M Kam |
director |
6541 E WASHINGTON BLVD, COMMERCE CA 90040 |
| Bin Liu |
director |
40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005 |
| James R Talevich |
director |
20202 WINDROW DR, LAKE FOREST CA 92630 |
| Michael J Viotto |
director |
444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006 |
| Chung Shing Yam |
director |
6541 E WASHINGTON BLVD, COMMERCE CA 90040 |
| Alex Li |
director, 10 percent owner, officer: President & CEO |
NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000 |
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