NXMR (NextMart) LT-Debt-to-Total-Asset: 16.36 (As of Jun. 2021)

What is NextMart LT-Debt-to-Total-Asset?

NextMart NXMR LT-Debt-to-Total-Asset is 16.36 as of Jun. 2021.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. NextMart's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 16.36.

NextMart's long-term debt to total assets ratio increased from Sep. 2019 (0.25) to Jun. 2021 (16.36). It may suggest that NextMart is progressively becoming more dependent on debt to grow their business.

NextMart (OTCPK:NXMR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

NextMart LT-Debt-to-Total-Asset Related Terms

NextMart LT-Debt-to-Total-Asset Historical Data

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The historical data trend for NextMart's LT-Debt-to-Total-Asset 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.

NextMart LT-Debt-to-Total-Asset Chart

NextMart Annual Data

Trend

Mar06

Mar07

Sep08

Sep09

Sep10

Sep16

Sep17

Sep18

Sep19

Sep20

LT-Debt-to-Total-Asset

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0.15

0.16

0.18

0.25

0.00

NextMart Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep16	Sep17	Sep18	Sep19	Sep20	Dec20	Mar21	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.00	90.00	36.00	16.36

NextMart LT-Debt-to-Total-Asset Calculation

NextMart's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2020 is calculated as

LT Debt to Total Assets (A: Sep. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2020 )	/	Total Assets (A: Sep. 2020 )
	=	0.18	/	0
	=

NextMart's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	0.18	/	0.011
	=

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 16.36 mean?

NextMart (NXMR) has a LT-Debt-to-Total-Asset of 16.36 as of Jun. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on NextMart and its competitors.

Is NextMart's LT-Debt-to-Total-Asset too high?

NextMart's current LT-Debt-to-Total-Asset is 16.36.

How does NextMart's LT-Debt-to-Total-Asset compare to ISIG and CNET?

NextMart's LT-Debt-to-Total-Asset of 16.36 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on NextMart and its competitors. NextMart's current LT-Debt-to-Total-Asset is 16.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NextMart stock overvalued right now?

NextMart (NXMR) has a current LT-Debt-to-Total-Asset of 16.36. The current LT-Debt-to-Total-Asset is 16.36. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For NextMart (NXMR), the current LT-Debt-to-Total-Asset is 16.36 as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NextMart Business Description

Industry Energy Oil & Gas

Comparable Companies ISIG CNET BAOS MOBQ MMND SNPW ACHN DRCT BYOC CMGO SZSE:002027 OMC XPAR:PUB IPG LSE:WPP TSE:4324 TSE:4751 XPAR:DEC ZD TSE:2433

Address 335 Constance Drive, Waminster, PA, USA, 18974

Website https://www.nextmartcorporation.com

NextMart Inc is engaged in an oilfield service business. The company services include salt water and freshwater hauling, hydrovac services, pressure control and flowback, solids control, drilling cuttings removal and disposal, oilfield construction, tank/pit cleaning, rig and tank steam cleaning, hotshot delivery, winch truck heavy hauling, and frac tank rentals.