Nickel Asia (Nickel Asia) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Nickel Asia Debt-to-Equity?

Nickel Asia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $105.9 Mil. Nickel Asia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $52.9 Mil. Nickel Asia's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $622.5 Mil. Nickel Asia's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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

NCKAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.1 Max: 0.26
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Nickel Asia was 0.26. The lowest was 0.05. And the median was 0.10.

NCKAF's Debt-to-Equity is ranked worse than
62.8% of 1312 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NCKAF: 0.26

Nickel Asia Debt-to-Equity Historical Data

The historical data trend for Nickel Asia'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.

Nickel Asia Debt-to-Equity Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.12

0.26

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.19	0.25	0.26	0.26

Competitive Comparison of Nickel Asia's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.

Nickel Asia's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Debt-to-Equity distribution charts can be found below:

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

Nickel Asia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nickel Asia'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
	=	(106.496	+	53.193)	/	618.002
	=	0.26

Nickel Asia's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(105.918	+	52.925)	/	622.456
	=	0.26

Nickel Asia (OTCPK:NCKAF) 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.

Nickel Asia Debt-to-Equity Related Terms

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

Nickel Asia (Nickel Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (OTCPK:NCKAF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NIKL:Philippines

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.

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