Nano Labs (Nano Labs) Debt-to-Equity : -10.24 (As of Dec. 2023)

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What is Nano Labs Debt-to-Equity?

Nano Labs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.77 Mil. Nano Labs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.37 Mil. Nano Labs's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2.06 Mil. Nano Labs's debt to equity for the quarter that ended in Dec. 2023 was -10.24.

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

NA' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.24 Med: -0.21 Max: 0.14
Current: -10.24

During the past 4 years, the highest Debt-to-Equity Ratio of Nano Labs was 0.14. The lowest was -10.24. And the median was -0.21.

NA's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.27 vs NA: -10.24

Nano Labs Debt-to-Equity Historical Data

The historical data trend for Nano Labs'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.

Nano Labs Debt-to-Equity Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.12

-0.30

0.14

-10.24

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.05	0.05	0.14	2.25	-10.24

Competitive Comparison of Nano Labs's Debt-to-Equity

For the Semiconductors subindustry, Nano Labs'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.

Nano Labs's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nano Labs's Debt-to-Equity distribution charts can be found below:

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

Nano Labs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nano Labs'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
	=	(3.766	+	17.365)	/	-2.063
	=	-10.24

Nano Labs'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
	=	(3.766	+	17.365)	/	-2.063
	=	-10.24

Nano Labs (NAS:NA) 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.

Nano Labs Debt-to-Equity Related Terms

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Nano Labs (Nano Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nano Labs Ltd (NAS:NA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.