Next e GO NV (Next e GO NV) Debt-to-Equity : 1.65 (As of Jun. 2023)

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What is Next e GO NV Debt-to-Equity?

Next e GO NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $57.18 Mil. Next e GO NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $110.43 Mil. Next e GO NV's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $101.43 Mil. Next e GO NV's debt to equity for the quarter that ended in Jun. 2023 was 1.65.

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 Next e GO NV's Debt-to-Equity or its related term are showing as below:

EGOXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.66 Max: 1.65
Current: 1.65

During the past 2 years, the highest Debt-to-Equity Ratio of Next e GO NV was 1.65. The lowest was 0.15. And the median was 0.66.

EGOXF's Debt-to-Equity is ranked worse than
88.06% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs EGOXF: 1.65

Next e GO NV Debt-to-Equity Historical Data

The historical data trend for Next e GO NV'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.

Next e GO NV Debt-to-Equity Chart

Next e GO NV Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.15

0.75

Next e GO NV Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23
Debt-to-Equity	0.15	N/A	0.58	0.75	1.65

Competitive Comparison of Next e GO NV's Debt-to-Equity

For the Auto Manufacturers subindustry, Next e GO NV'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.

Next e GO NV's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Next e GO NV's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Next e GO NV's Debt-to-Equity falls into.

Next e GO NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next e GO NV's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(56.255	+	36.544)	/	124.425
	=	0.75

Next e GO NV's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(57.178	+	110.428)	/	101.425
	=	1.65

Next e GO NV (OTCPK:EGOXF) 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.

Next e GO NV Debt-to-Equity Related Terms

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Next e GO NV (Next e GO NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Next e GO NV (OTCPK:EGOXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Next.e.GO Mobile SE, Lilienthalstraße 1, Aachen, DEU, 52068

Website

https://www.e-go-mobile.com

Next e GO NV designs and manufactures battery electric vehicles for the urban environment, with focus on convenience, reliability and affordability. It has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories.

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