North Eastern Carrying (NSE:NECCLTD) Debt-to-Equity : N/A (As of Dec. 2023)

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What is North Eastern Carrying Debt-to-Equity?

North Eastern Carrying's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. North Eastern Carrying's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. North Eastern Carrying's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 North Eastern Carrying's Debt-to-Equity or its related term are showing as below:

NSE:NECCLTD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.02 Max: 1.18
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of North Eastern Carrying was 1.18. The lowest was 0.65. And the median was 1.02.

NSE:NECCLTD's Debt-to-Equity is ranked worse than
59.91% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs NSE:NECCLTD: 0.77

North Eastern Carrying Debt-to-Equity Historical Data

The historical data trend for North Eastern Carrying'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.

North Eastern Carrying Debt-to-Equity Chart

North Eastern Carrying Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.83

0.82

0.91

1.02

1.14

North Eastern Carrying 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															N/A	1.14	N/A	0.77	N/A

Competitive Comparison of North Eastern Carrying's Debt-to-Equity

For the Trucking subindustry, North Eastern Carrying'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.

North Eastern Carrying's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, North Eastern Carrying's Debt-to-Equity distribution charts can be found below:

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

North Eastern Carrying Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

North Eastern Carrying's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1106.052	+	84.135)	/	1048.607
	=	1.14

North Eastern Carrying'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	+	0)	/	0
	=	N/A

North Eastern Carrying (NSE:NECCLTD) 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.

North Eastern Carrying Debt-to-Equity Related Terms

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North Eastern Carrying (NSE:NECCLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » North Eastern Carrying Corp Ltd (NSE:NECCLTD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

534615:India

Address

Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006

Website

https://www.neccgroup.com

North Eastern Carrying Corp Ltd is engaged in the business of transportation. The firm offers freight management and customized logistics solutions. NECC offers; Parcel load movement; Full truckload services; Containerized movement of cargo; ODC Movement: Bulk Movement: Storage facility, and other transport-related services. Geographically the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.

North Eastern Carrying (NSE:NECCLTD) Headlines

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