Nowonomics AB (NGM:NOWO) Debt-to-Equity : 0.27 (As of Sep. 2024)

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What is Nowonomics AB Debt-to-Equity?

Nowonomics AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr7.00 Mil. Nowonomics AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr0.00 Mil. Nowonomics AB's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr25.70 Mil. Nowonomics AB's debt to equity for the quarter that ended in Sep. 2024 was 0.27.

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 Nowonomics AB's Debt-to-Equity or its related term are showing as below:

NGM:NOWO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.91 Max: 40.74
Current: 0.27

During the past 5 years, the highest Debt-to-Equity Ratio of Nowonomics AB was 40.74. The lowest was 0.07. And the median was 0.91.

NGM:NOWO's Debt-to-Equity is ranked worse than
54.25% of 2210 companies
in the Software industry
Industry Median: 0.22 vs NGM:NOWO: 0.27

Nowonomics AB Debt-to-Equity Historical Data

The historical data trend for Nowonomics AB'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.

Nowonomics AB Debt-to-Equity Chart

Nowonomics AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

19.62

0.07

40.74

1.00

0.80

Nowonomics AB Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial												3.95	0.80	2.31	0.39	0.27

Competitive Comparison of Nowonomics AB's Debt-to-Equity

For the Software - Application subindustry, Nowonomics AB'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.

Nowonomics AB's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Nowonomics AB's Debt-to-Equity distribution charts can be found below:

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

Nowonomics AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nowonomics AB'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	+	0)	/	12.459
	=	0.80

Nowonomics AB's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7	+	0)	/	25.699
	=	0.27

Nowonomics AB (NGM:NOWO) 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.

Nowonomics AB Debt-to-Equity Related Terms

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Nowonomics AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowonomics AB (NGM:NOWO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Artillerigatan 42, Stockholm, SWE, 114 45

Website

https://www.nowo.se

Nowonomics AB is a savings platform whose purpose is to help you as a user to get a better personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a better financial situation.

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