Nanoveu (ASX:NVU) Debt-to-Equity : -2.06 (As of Dec. 2023)

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What is Nanoveu Debt-to-Equity?

Nanoveu's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.22 Mil. Nanoveu's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Nanoveu's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-0.11 Mil. Nanoveu's debt to equity for the quarter that ended in Dec. 2023 was -2.06.

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

ASX:NVU' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.06 Med: 0.02 Max: 0.62
Current: -2.06

During the past 6 years, the highest Debt-to-Equity Ratio of Nanoveu was 0.62. The lowest was -2.06. And the median was 0.02.

ASX:NVU's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs ASX:NVU: -2.06

Nanoveu Debt-to-Equity Historical Data

The historical data trend for Nanoveu'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.

Nanoveu Debt-to-Equity Chart

Nanoveu Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.28

0.62

-1.10

-2.06

Nanoveu Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.62	-	-1.10	0.10	-2.06

Competitive Comparison of Nanoveu's Debt-to-Equity

For the Software - Application subindustry, Nanoveu'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.

Nanoveu's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Nanoveu's Debt-to-Equity distribution charts can be found below:

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

Nanoveu Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanoveu'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
	=	(0.219	+	0.006)	/	-0.109
	=	-2.06

Nanoveu'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
	=	(0.219	+	0.006)	/	-0.109
	=	-2.06

Nanoveu (ASX:NVU) 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.

Nanoveu Debt-to-Equity Related Terms

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

Nanoveu (ASX:NVU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nanoveu Ltd (ASX:NVU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/18 Olive Street, Subiaco, WA, AUS, 6008

Website

https://www.nanoveu.com

Nanoveu Ltd is a technology company developing a range of products for mobile phones and other digital displays. The company's wholly-owned, flagship product is its Nanoshield antiviral protector which is available in a variety of mobile phone screen covers, mobile phone cases and as a commercial film capable of being applied to a number of surfaces. The product is a clear plastic containing a layer of charged copper nanoparticles which have antiviral and antimicrobial properties. The Group deploys nanotechnology applications for consumer devices.

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