NXU.WS (Novus Capital II) Debt-to-Equity : 0.00 (As of Dec. 2021)

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What is Novus Capital II Debt-to-Equity?

Novus Capital II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil. Novus Capital II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil. Novus Capital II's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $269.38 Mil. Novus Capital II's debt to equity for the quarter that ended in Dec. 2021 was 0.00.

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 Novus Capital II's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of Novus Capital II was 6.67. The lowest was 6.67. And the median was 6.67.

NXU.WS's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.16
* Ranked among companies with meaningful Debt-to-Equity only.

Novus Capital II Debt-to-Equity Historical Data

The historical data trend for Novus Capital II'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.

Novus Capital II Debt-to-Equity Chart

Novus Capital II Annual Data

Trend

Dec20

Dec21

Debt-to-Equity

6.67

Novus Capital II Semi-Annual Data
	Sep20	Dec20	Dec21
Debt-to-Equity	-122.00	6.67	-

Competitive Comparison of Novus Capital II's Debt-to-Equity

For the Shell Companies subindustry, Novus Capital II'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.

Novus Capital II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Novus Capital II's Debt-to-Equity distribution charts can be found below:

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

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Novus Capital II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novus Capital II's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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)	/	269.38
	=	0.00

Novus Capital II's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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)	/	269.38
	=	0.00

Novus Capital II (NYSE:NXU.WS) 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.

Novus Capital II Debt-to-Equity Related Terms

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Novus Capital II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Novus Capital Corp II (NYSE:NXU.WS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8556 Oakmont Lane, Indianapolis, IN, USA, 46260

Website

https://www.novuscapitalcorporation.com

Novus Capital Corp II is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.