Nine Entertainment Co. Holdings (ASX:NEC) Debt-to-Equity : 0.68 (As of Jun. 2024)

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What is Nine Entertainment Co. Holdings Debt-to-Equity?

Nine Entertainment Co. Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$139 Mil. Nine Entertainment Co. Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$940 Mil. Nine Entertainment Co. Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$1,588 Mil. Nine Entertainment Co. Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.68.

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 Nine Entertainment Co. Holdings's Debt-to-Equity or its related term are showing as below:

ASX:NEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.46 Max: 0.68
Current: 0.68

During the past 11 years, the highest Debt-to-Equity Ratio of Nine Entertainment Co. Holdings was 0.68. The lowest was 0.14. And the median was 0.46.

ASX:NEC's Debt-to-Equity is ranked worse than
68.47% of 831 companies
in the Media - Diversified industry
Industry Median: 0.28 vs ASX:NEC: 0.68

Nine Entertainment Co. Holdings Debt-to-Equity Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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.

Nine Entertainment Co. Holdings Debt-to-Equity Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.49

0.47

0.46

0.60

0.68

Nine Entertainment Co. Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	-	0.60	-	0.68

Competitive Comparison of Nine Entertainment Co. Holdings's Debt-to-Equity

For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.

Nine Entertainment Co. Holdings's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nine Entertainment Co. Holdings's Debt-to-Equity falls into.

Nine Entertainment Co. Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nine Entertainment Co. Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
	=	(139.255	+	939.963)	/	1587.66
	=	0.68

Nine Entertainment Co. Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(139.255	+	939.963)	/	1587.66
	=	0.68

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings Debt-to-Equity Related Terms

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

Nine Entertainment Co. Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NNMTF:USA NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment is the biggest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, operation. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. It has a 60% interest in Domain, the number-two player in the lucrative Australian digital property listings market.

Nine Entertainment Co. Holdings Headlines

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