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NIPG (NIP Group) Debt-to-Equity : -0.13 (As of Jun. 2024)


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What is NIP Group Debt-to-Equity?

NIP Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $11.83 Mil. NIP Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $4.68 Mil. NIP Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-123.61 Mil. NIP Group's debt to equity for the quarter that ended in Jun. 2024 was -0.13.

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

NIPG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.29   Med: -0.15   Max: 1.23
Current: -0.13

During the past 4 years, the highest Debt-to-Equity Ratio of NIP Group was 1.23. The lowest was -0.29. And the median was -0.15.

NIPG's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.26 vs NIPG: -0.13

NIP Group Debt-to-Equity Historical Data

The historical data trend for NIP Group'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.

NIP Group Debt-to-Equity Chart

NIP Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- 1.23 -0.29 -0.15

NIP Group Quarterly Data
Dec20 Dec21 Dec22 Sep23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial 1.23 -0.29 -0.24 -0.15 -0.13

Competitive Comparison of NIP Group's Debt-to-Equity

For the Entertainment subindustry, NIP Group'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.

NIP Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, NIP Group's Debt-to-Equity distribution charts can be found below:

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


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NIP Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NIP Group'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
=(6.251 + 5.189) / -74.803
=-0.15

NIP Group'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
=(11.834 + 4.681) / -123.61
=-0.13

* 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.

NIP Group  (NAS:NIPG) 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.

NIP Group Debt-to-Equity Related Terms

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

NIP Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NIP Group Inc (NAS:NIPG) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
N/A
Address
Rosenlundsgatan 31, Stockholm, SWE, 11863
Website
https://www.nipg.com
NIP Group Inc is a digital entertainment company built for the growing gaming and esports industry. NIP Group integrates multiple businesses such as talent agency, event production, game-themed hotels and game publishing to create transformative entertainment experiences that inspire, connect fans, expand global influence, and achieve deep interaction on platforms where digital native players gather. It currently has operation centers in Sweden, China, Abu Dhabi, and Brazil, and its esports teams cover multiple game projects and are active in the top event stages.