Nouveau Monde Graphite (Nouveau Monde Graphite) Debt-to-Equity : 1.06 (As of Dec. 2023)

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What is Nouveau Monde Graphite Debt-to-Equity?

Nouveau Monde Graphite's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.69 Mil. Nouveau Monde Graphite's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.14 Mil. Nouveau Monde Graphite's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $40.57 Mil. Nouveau Monde Graphite's debt to equity for the quarter that ended in Dec. 2023 was 1.06.

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 Nouveau Monde Graphite's Debt-to-Equity or its related term are showing as below:

NMG' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.26 Med: 0.8 Max: 1.06
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Nouveau Monde Graphite was 1.06. The lowest was -3.26. And the median was 0.80.

NMG's Debt-to-Equity is ranked worse than
87.8% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NMG: 1.06

Nouveau Monde Graphite Debt-to-Equity Historical Data

The historical data trend for Nouveau Monde Graphite'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.

Nouveau Monde Graphite Debt-to-Equity Chart

Nouveau Monde Graphite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.76

-3.26

0.04

0.85

1.06

Nouveau Monde Graphite Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.85	1.47	0.69	0.84	1.06

Competitive Comparison of Nouveau Monde Graphite's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nouveau Monde Graphite'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.

Nouveau Monde Graphite's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Nouveau Monde Graphite Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nouveau Monde Graphite'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
	=	(0.694	+	42.142)	/	40.571
	=	1.06

Nouveau Monde Graphite's Debt to Equity Ratio for the quarter 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
	=	(0.694	+	42.142)	/	40.571
	=	1.06

Nouveau Monde Graphite (NYSE:NMG) 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.

Nouveau Monde Graphite Debt-to-Equity Related Terms

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Nouveau Monde Graphite (Nouveau Monde Graphite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nouveau Monde Graphite Inc (NYSE:NMG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NM9A:Germany NM9A:Germany NOU:Canada

Address

481 Brassard Street, Saint-Michel-des-Saints, QC, CAN, J0K 3B0

Website

https://www.nmg.com

Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project.