Northfield Capital (TSXV:NFD.A) Debt-to-Equity : 0.20 (As of Sep. 2023)

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What is Northfield Capital Debt-to-Equity?

Northfield Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Northfield Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$13.04 Mil. Northfield Capital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$65.43 Mil. Northfield Capital's debt to equity for the quarter that ended in Sep. 2023 was 0.20.

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

TSXV:NFD.A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.2
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Northfield Capital was 0.20. The lowest was 0.01. And the median was 0.05.

TSXV:NFD.A's Debt-to-Equity is ranked worse than
50.44% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs TSXV:NFD.A: 0.20

Northfield Capital Debt-to-Equity Historical Data

The historical data trend for Northfield Capital'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.

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Northfield Capital Debt-to-Equity Chart

Northfield Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.01

0.04

0.05

0.10

Northfield Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.10	0.10	0.13	0.20

Competitive Comparison of Northfield Capital's Debt-to-Equity

For the Asset Management subindustry, Northfield Capital'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.

Northfield Capital's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Northfield Capital's Debt-to-Equity distribution charts can be found below:

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

Northfield Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northfield Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	7.115)	/	69.044
	=	0.10

Northfield Capital'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	+	13.044)	/	65.425
	=	0.20

Northfield Capital (TSXV:NFD.A) 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.

Northfield Capital Debt-to-Equity Related Terms

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

Northfield Capital (TSXV:NFD.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Northfield Capital Corp (TSXV:NFD.A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Adelaide Street West, Sutie 301, Toronto, ON, CAN, M5H 3L5

Website

https://www.northfieldcapital.com

Northfield Capital Corp is a Canada-based company. It has investment interests in the resource, transportation, manufacturing, and technology sectors. The Company's operating segments are; The investments segment includes Investment activities including holding interests in resource, manufacturing, and technology sectors, Aviation Services segment Provides chartered air, flight training, and aircraft maintenance services across Canada and across borders to the United States, the Winery segment includes Vineyard and winery located in Prince Edward County, manufacturing and selling wine, and the Distillery segment include Spirit distilling at Spirit of York distillery located in Toronto's distillery district.

Northfield Capital (TSXV:NFD.A) Headlines

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