NZX (NZSE:NZX) Debt-to-Equity : 0.70 (As of Dec. 2023)

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What is NZX Debt-to-Equity?

NZX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$1.3 Mil. NZX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$81.0 Mil. NZX's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$117.4 Mil. NZX's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

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

NZSE:NZX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.65 Max: 0.74
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of NZX was 0.74. The lowest was 0.26. And the median was 0.65.

NZSE:NZX's Debt-to-Equity is ranked worse than
65.23% of 604 companies
in the Capital Markets industry
Industry Median: 0.35 vs NZSE:NZX: 0.70

NZX Debt-to-Equity Historical Data

The historical data trend for NZX'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.

NZX Debt-to-Equity Chart

NZX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.74

0.68

0.74

N/A

0.70

NZX Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.67	N/A	0.95	0.70

Competitive Comparison of NZX's Debt-to-Equity

For the Financial Data & Stock Exchanges subindustry, NZX'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.

NZX's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

NZX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NZX'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
	=	(1.291	+	81.026)	/	117.371
	=	0.70

NZX'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
	=	(1.291	+	81.026)	/	117.371
	=	0.70

NZX (NZSE:NZX) 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.

NZX Debt-to-Equity Related Terms

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

NZX (NZSE:NZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NZX Ltd (NZSE:NZX) » Definitions » Debt-to-Equity

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NZSTF:USA

Address

11 Cable Street, Level 1 / NZX Centre, P.O. Box 2959, Wellington, NZL, 6011

Website

https://www.nzx.com

NZX Ltd facilitates capital raising and securities trading. Its main function is to provide a market for the trading, clearing, and settlement of securities. It also provides market data relating to listed companies and indexes. It operates the New Zealand securities, derivatives, and energy markets, builds and maintains the infrastructure on which it operates, and provides a range of information and data to support market growth and development on a scale. NZX also provides wealth management services for New Zealand advisers via its Wealth Technologies business. Its segments include Markets, Funds Management, and Wealth Technologies.

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