Next Digital (Next Digital) Debt-to-Equity : 1.45 (As of Sep. 2020)

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What is Next Digital Debt-to-Equity?

Next Digital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $22.61 Mil. Next Digital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $75.14 Mil. Next Digital's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $67.44 Mil. Next Digital's debt to equity for the quarter that ended in Sep. 2020 was 1.45.

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

NXMDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.26 Max: 1.45
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Next Digital was 1.45. The lowest was 0.06. And the median was 0.26.

NXMDF's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.29 vs NXMDF: 1.45

Next Digital Debt-to-Equity Historical Data

The historical data trend for Next Digital'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.

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Next Digital Debt-to-Equity Chart

Next Digital Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Debt-to-Equity

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0.14

0.26

0.37

0.34

1.05

Next Digital Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.34	0.74	1.05	1.45

Competitive Comparison of Next Digital's Debt-to-Equity

For the Publishing subindustry, Next Digital'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.

Next Digital's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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

Next Digital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next Digital's Debt to Equity Ratio for the fiscal year that ended in Mar. 2020 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
	=	(21.686	+	65.15)	/	82.822
	=	1.05

Next Digital's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(22.61	+	75.135)	/	67.438
	=	1.45

Next Digital (GREY:NXMDF) 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.

Next Digital Debt-to-Equity Related Terms

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

Next Digital (Next Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next Digital Ltd (GREY:NXMDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chun Ying Street, 1st Floor, Tseung Kwan O Industrial Estate, New Territories, Tseung Kwan O, Hong Kong, HKG

Website

http://www.nextdigital.com.hk

Next Digital Ltd is engaged in the print media business. Business activity of the firm is operated by the Digital Businesses and Print Business segment. The Digital Business segment includes Internet advertising, Internet subscription, content provision, and the development of mobile games and apps. The Print Business segment which derives majority revenue relates to the sale of newspapers, books and magazines and provision of newspapers, books and magazines printing and advertising services. Geographically, it operates in Hong Kong, Taiwan, and Other countries out of which Hong Kong accounts for the majority revenue.

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