Nido Education (ASX:NDO) Debt-to-Asset : 0.57 (As of Jun. 2024)

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What is Nido Education Debt-to-Asset?

Nido Education's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$19.2 Mil. Nido Education's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$147.0 Mil. Nido Education's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$292.3 Mil. Nido Education's debt to asset for the quarter that ended in Jun. 2024 was 0.57.

Nido Education Debt-to-Asset Historical Data

The historical data trend for Nido Education's Debt-to-Asset 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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Nido Education Debt-to-Asset Chart

Nido Education Annual Data

Trend

Dec22

Dec23

Debt-to-Asset

0.58

0.59

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	0.58	1.02	0.59	0.57

Competitive Comparison of Nido Education's Debt-to-Asset

For the Education & Training Services subindustry, Nido Education's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Nido Education's Debt-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Nido Education's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Nido Education's Debt-to-Asset falls into.

Nido Education Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nido Education's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(36.819	+	153.157)	/	323.883
	=	0.59

Nido Education's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(19.239	+	147.003)	/	292.27
	=	0.57

Nido Education (ASX:NDO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nido Education Debt-to-Asset Related Terms

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Nido Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://www.nidoeducation.edu.au

Nido Education Ltd is a company engaged in long day early childhood education and care services across Australia. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

Nido Education Headlines

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