Nico Steel Holdings (SGX:5GF) Debt-to-Equity : 0.18 (As of Feb. 2023)

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What is Nico Steel Holdings Debt-to-Equity?

Nico Steel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was S$3.02 Mil. Nico Steel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was S$0.83 Mil. Nico Steel Holdings's Total Stockholders Equity for the quarter that ended in Feb. 2023 was S$22.01 Mil. Nico Steel Holdings's debt to equity for the quarter that ended in Feb. 2023 was 0.17.

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 Nico Steel Holdings's Debt-to-Equity or its related term are showing as below:

SGX:5GF's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Nico Steel Holdings Debt-to-Equity Historical Data

The historical data trend for Nico Steel Holdings'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.

Nico Steel Holdings Debt-to-Equity Chart

Nico Steel Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.15

0.14

0.19

0.31

0.18

Nico Steel Holdings Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.21	0.31	0.30	0.18

Competitive Comparison of Nico Steel Holdings's Debt-to-Equity

For the Steel subindustry, Nico Steel Holdings'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.

Nico Steel Holdings's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nico Steel Holdings's Debt-to-Equity distribution charts can be found below:

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

Nico Steel Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nico Steel Holdings's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(3.017	+	0.831)	/	22.009
	=	0.17

Nico Steel Holdings's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(3.017	+	0.831)	/	22.009
	=	0.17

Nico Steel Holdings (SGX:5GF) 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.

Nico Steel Holdings Debt-to-Equity Related Terms

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Nico Steel Holdings (SGX:5GF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nico Steel Holdings Ltd (SGX:5GF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Loyang Way, Singapore, SGP, 508744

Website

http://www.nicosteel.com

Nico Steel Holdings Ltd is a provider of Metallurgical Solutions for the personal computer, high-tech electronics, and automotive industries. Its segments include Coil Centre which provides metallurgical solutions, metal slitting services, and import and export trading; the Plating segment provides electro-plating process, metal surface treatment, and chemistry blending for electronic products; and Other operations consisting of investment holding. The majority of the revenue is derived from the Coil Centre segment. Its products include Proprietary Metal Alloys(NICO Solderite, NICO N10, NICO AL50, N-Laminate), N-Clad Solutions for thermal management, and others. Its geographical segments include Singapore, China, Malaysia, Thailand, and other countries.

Nico Steel Holdings (SGX:5GF) Headlines

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