NIPG (NIP Group) Debt-to-Asset : 0.05 (As of Jun. 2024)

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What is NIP Group Debt-to-Asset?

NIP Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $11.83 Mil. NIP Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $4.68 Mil. NIP Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $305.35 Mil. NIP Group's debt to asset for the quarter that ended in Jun. 2024 was 0.05.

NIP Group Debt-to-Asset Historical Data

The historical data trend for NIP Group'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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NIP Group Debt-to-Asset Chart

NIP Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.02

0.06

0.04

NIP Group Quarterly Data
	Dec20	Dec21	Dec22	Sep23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			0.02	0.06	0.04	0.04	0.05

Competitive Comparison of NIP Group's Debt-to-Asset

For the Entertainment subindustry, NIP Group'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.

NIP Group's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, NIP Group's Debt-to-Asset distribution charts can be found below:

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

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NIP Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NIP Group'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
	=	(6.251	+	5.189)	/	313.84
	=	0.04

NIP Group'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
	=	(11.834	+	4.681)	/	305.346
	=	0.05

NIP Group (NAS:NIPG) 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.

NIP Group Debt-to-Asset Related Terms

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NIP Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NIP Group Inc (NAS:NIPG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rosenlundsgatan 31, Stockholm, SWE, 11863

Website

https://www.nipg.com

NIP Group Inc is a digital entertainment company built for the growing gaming and esports industry. NIP Group integrates multiple businesses such as talent agency, event production, game-themed hotels and game publishing to create transformative entertainment experiences that inspire, connect fans, expand global influence, and achieve deep interaction on platforms where digital native players gather. It currently has operation centers in Sweden, China, Abu Dhabi, and Brazil, and its esports teams cover multiple game projects and are active in the top event stages.