Nutritional Growth Solutions (ASX:NGS) Debt-to-Equity : -2.05 (As of Dec. 2023)

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What is Nutritional Growth Solutions Debt-to-Equity?

Nutritional Growth Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.52 Mil. Nutritional Growth Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Nutritional Growth Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-0.26 Mil. Nutritional Growth Solutions's debt to equity for the quarter that ended in Dec. 2023 was -2.05.

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 Nutritional Growth Solutions's Debt-to-Equity or its related term are showing as below:

ASX:NGS' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.05 Med: 0.02 Max: 0.03
Current: -2.05

During the past 4 years, the highest Debt-to-Equity Ratio of Nutritional Growth Solutions was 0.03. The lowest was -2.05. And the median was 0.02.

ASX:NGS's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs ASX:NGS: -2.05

Nutritional Growth Solutions Debt-to-Equity Historical Data

The historical data trend for Nutritional Growth Solutions'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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Nutritional Growth Solutions Debt-to-Equity Chart

Nutritional Growth Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

0.02

-2.05

Nutritional Growth Solutions Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.02	0.03	0.02	0.27	-2.05

Competitive Comparison of Nutritional Growth Solutions's Debt-to-Equity

For the Packaged Foods subindustry, Nutritional Growth Solutions'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.

Nutritional Growth Solutions's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nutritional Growth Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nutritional Growth Solutions's Debt-to-Equity falls into.

Nutritional Growth Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nutritional Growth Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.524	+	0.016)	/	-0.264
	=	-2.05

Nutritional Growth Solutions's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.524	+	0.016)	/	-0.264
	=	-2.05

Nutritional Growth Solutions (ASX:NGS) 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.

Nutritional Growth Solutions Debt-to-Equity Related Terms

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Nutritional Growth Solutions (ASX:NGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068

Website

https://www.ngsolutions.co

Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.