NICH (Nitches) Debt-to-Equity: -0.16 (As of Aug. 2024)

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NICH Nitches Inc NICH
12 GF Score
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What is Nitches Debt-to-Equity?

Nitches NICH -28.57% 12 Debt-to-Equity is -0.16 as of Aug. 2024. GuruFocus rates NICH with a GF Score™ of 12/100.

Nitches's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.36 Mil. Nitches's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.00 Mil. Nitches's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $-2.27 Mil. Nitches's debt to equity for the quarter that ended in Aug. 2024 was -0.16.

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

NICH's Debt-to-Equity is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Nitches  (OTCPK:NICH) 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.

Nitches Debt-to-Equity Related Terms

Nitches Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Nitches'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.

Nitches Debt-to-Equity Chart

Nitches Annual Data
Trend Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug22 Aug23 Aug24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.11 0.07 -0.58 -0.16

Nitches Quarterly Data
May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.31 -0.07 -0.21 -0.16

NICH vs DLAPQ, RL, LEVI: Debt-to-Equity Comparison

For the Apparel Manufacturing subindustry, Nitches'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.

Nitches Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitches's Debt-to-Equity distribution charts can be found below:

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


NICH
12GF Score
Nitches Inc NICH
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitches Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitches's Debt to Equity Ratio for the fiscal year 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
=(0.359 + 0) / -2.268
=-0.16

Nitches'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
=(0.359 + 0) / -2.268
=-0.16

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.16 mean?
Nitches (NICH) has a Debt-to-Equity of -0.16 as of Aug. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nitches and its competitors.
Is Nitches' Debt-to-Equity too high?
Nitches' current Debt-to-Equity is -0.16. Overall, Nitches has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nitches' Debt-to-Equity compare to DLAPQ and RL?
Nitches' Debt-to-Equity of -0.16 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Debt-to-Equity is 0.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nitches and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitches's current Debt-to-Equity is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitches stock overvalued right now?
Nitches (NICH) has a current Debt-to-Equity of -0.16. The current Debt-to-Equity is -0.16. Nitches' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Nitches (NICH), the current Debt-to-Equity is -0.16 as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nitches Business Description

Address 1333 North Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128
Nitches Inc is a company engaged in the production and distribution of household goods, lifestyle products, travel and leisure items, sports goods, and clothing. The company works with retailers to develop clothing lines and also develops its own lines under multiple registered trademarks. Majority of its clothing products are manufactured overseas and imported in bulk for sorting, packing, and distribution in the United States. Nitches serves a wide retail network, including department stores and specialty retailers, and generates revenue prominently through wholesale distribution of its apparel and related goods. The company white-labels its manufactured products under the brand names of Social Media Partners and distributes them in an online department store.
12GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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