Next Geosolutions Europe SpA (MIL:NXT) Debt-to-Equity : 0.12 (As of Jun. 2024)

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What is Next Geosolutions Europe SpA Debt-to-Equity?

Next Geosolutions Europe SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.0 Mil. Next Geosolutions Europe SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €14.0 Mil. Next Geosolutions Europe SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €120.4 Mil. Next Geosolutions Europe SpA's debt to equity for the quarter that ended in Jun. 2024 was 0.12.

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 Geosolutions Europe SpA's Debt-to-Equity or its related term are showing as below:

MIL:NXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.56 Max: 1.48
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of Next Geosolutions Europe SpA was 1.48. The lowest was 0.12. And the median was 0.56.

MIL:NXT's Debt-to-Equity is ranked better than
80.54% of 822 companies
in the Oil & Gas industry
Industry Median: 0.45 vs MIL:NXT: 0.10

Next Geosolutions Europe SpA Debt-to-Equity Historical Data

The historical data trend for Next Geosolutions Europe SpA'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 Geosolutions Europe SpA Debt-to-Equity Chart

Next Geosolutions Europe SpA Annual Data

Trend

Dec22

Dec23

Dec24

Debt-to-Equity

1.48

0.56

Next Geosolutions Europe SpA Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	1.48	N/A	0.56	0.12	-

Competitive Comparison of Next Geosolutions Europe SpA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Next Geosolutions Europe SpA'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 Geosolutions Europe SpA's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Next Geosolutions Europe SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Next Geosolutions Europe SpA's Debt-to-Equity falls into.

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Next Geosolutions Europe SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next Geosolutions Europe SpA'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
	=	(10.877	+	16.799)	/	49.229
	=	0.56

Next Geosolutions Europe SpA'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
	=	(0	+	13.983)	/	120.352
	=	0.12

Next Geosolutions Europe SpA (MIL:NXT) 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 Geosolutions Europe SpA Debt-to-Equity Related Terms

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Next Geosolutions Europe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Next Geosolutions Europe SpA (MIL:NXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LV8:Germany

Address

Via S.Brigida, 39, Napoli, ITA, 80133

Website

https://www.nextgeo.eu

Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.