Nordic Group (SGX:MR7) Debt-to-Equity : 0.87 (As of Dec. 2023)

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What is Nordic Group Debt-to-Equity?

Nordic Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$92.8 Mil. Nordic Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$9.3 Mil. Nordic Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$117.5 Mil. Nordic Group's debt to equity for the quarter that ended in Dec. 2023 was 0.87.

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

SGX:MR7' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.53 Max: 0.87
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Nordic Group was 0.87. The lowest was 0.34. And the median was 0.53.

SGX:MR7's Debt-to-Equity is ranked worse than
71.89% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SGX:MR7: 0.87

Nordic Group Debt-to-Equity Historical Data

The historical data trend for Nordic Group'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.

Nordic Group Debt-to-Equity Chart

Nordic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.56

0.65

0.71

0.87

Nordic Group 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															0.65	0.78	0.71	0.76	0.87

Competitive Comparison of Nordic Group's Debt-to-Equity

For the Engineering & Construction subindustry, Nordic Group'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.

Nordic Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nordic Group's Debt-to-Equity distribution charts can be found below:

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

Nordic Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordic Group'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
	=	(92.811	+	9.309)	/	117.471
	=	0.87

Nordic Group'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
	=	(92.811	+	9.309)	/	117.471
	=	0.87

Nordic Group (SGX:MR7) 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.

Nordic Group Debt-to-Equity Related Terms

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

Nordic Group (SGX:MR7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordic Group Ltd (SGX:MR7) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Tuas Avenue 10, Singapore, SGP, 639126

Website

https://www.nordicgrouplimited.com

Nordic Group Ltd is an investment holding company. Its operating business segments include Project Services, Maintenance Services, and Others. The company generates maximum revenue from the Maintenance services segment. Its Maintenance Services segment includes maintenance and repair services, trading and supply of material, spare parts and components. The Project services segment includes projects that require engineering, procurement, design, construction, machining, scaffolding works, insulation services, and passive fireproofing services. Geographically, Singapore derives the vast majority of its revenue.

Nordic Group (SGX:MR7) Headlines

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