NEXNF (NEXE Innovations) Debt-to-Equity : 0.02 (As of Aug. 2024)

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What is NEXE Innovations Debt-to-Equity?

NEXE Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.31 Mil. NEXE Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.12 Mil. NEXE Innovations's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $26.38 Mil. NEXE Innovations's debt to equity for the quarter that ended in Aug. 2024 was 0.02.

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

NEXNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.26
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of NEXE Innovations was 0.26. The lowest was 0.02. And the median was 0.04.

NEXNF's Debt-to-Equity is ranked better than
95.56% of 360 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs NEXNF: 0.02

NEXE Innovations Debt-to-Equity Historical Data

The historical data trend for NEXE Innovations'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.

NEXE Innovations Debt-to-Equity Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

May24

Debt-to-Equity

0.23

0.05

0.04

0.03

0.02

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of NEXE Innovations's Debt-to-Equity

For the Packaging & Containers subindustry, NEXE Innovations'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.

NEXE Innovations's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, NEXE Innovations's Debt-to-Equity distribution charts can be found below:

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

NEXE Innovations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NEXE Innovations's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.288	+	0.199)	/	24.581
	=	0.02

NEXE Innovations's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(0.305	+	0.116)	/	26.381
	=	0.02

NEXE Innovations (OTCPK:NEXNF) 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.

NEXE Innovations Debt-to-Equity Related Terms

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NEXE Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (OTCPK:NEXNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NX5:Germany NEXE:Canada

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z 3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is a fully compostable, single-use pod that offers the market an environmentally friendly alternative to the billions of plastic and aluminum pods.