Nordex SE (CHIX:NDX1D) Debt-to-Equity : 0.49 (As of Dec. 2023)

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What is Nordex SE Debt-to-Equity?

Nordex SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €78 Mil. Nordex SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €398 Mil. Nordex SE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €977 Mil. Nordex SE's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

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

CHIX:NDX1d' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.68 Max: 1.19
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Nordex SE was 1.19. The lowest was 0.01. And the median was 0.68.

CHIX:NDX1d's Debt-to-Equity is ranked worse than
65.23% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs CHIX:NDX1d: 0.49

Nordex SE Debt-to-Equity Historical Data

The historical data trend for Nordex SE'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.

Nordex SE Debt-to-Equity Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

1.19

0.46

0.66

0.49

Nordex SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.88	0.24	0.24	0.49

Competitive Comparison of Nordex SE's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Nordex SE'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.

Nordex SE's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordex SE's Debt-to-Equity distribution charts can be found below:

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

Nordex SE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordex SE'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
	=	(77.57	+	397.501)	/	976.596
	=	0.49

Nordex SE'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
	=	(77.57	+	397.501)	/	976.596
	=	0.49

Nordex SE (CHIX:NDX1d) 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.

Nordex SE Debt-to-Equity Related Terms

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

Nordex SE (CHIX:NDX1D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (CHIX:NDX1d) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NRXXY:USA NRDXF:USA 1NDX:Italy 0MEC:UK NDX1:Germany NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.

Nordex SE (CHIX:NDX1D) Headlines

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