NWTN (NWTN) Debt-to-Asset : 0.07 (As of Jun. 2023)

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What is NWTN Debt-to-Asset?

NWTN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $17.71 Mil. NWTN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.59 Mil. NWTN's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $301.26 Mil. NWTN's debt to asset for the quarter that ended in Jun. 2023 was 0.07.

NWTN Debt-to-Asset Historical Data

The historical data trend for NWTN's Debt-to-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.

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NWTN Debt-to-Asset Chart

NWTN Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

1.68

1.84

0.07

NWTN Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial			-	1.84	3.37	0.07	0.07

Competitive Comparison of NWTN's Debt-to-Asset

For the Auto Manufacturers subindustry, NWTN's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

NWTN's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NWTN's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where NWTN's Debt-to-Asset falls into.

NWTN Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NWTN's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(18.858	+	3.921)	/	350.207
	=	0.07

NWTN's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(17.714	+	3.589)	/	301.263
	=	0.07

NWTN (NAS:NWTN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

NWTN Debt-to-Asset Related Terms

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NWTN (NWTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NWTN Inc (NAS:NWTN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, ARE

Website

https://www.nwtnmotors.com

NWTN Inc is a pioneering smart electric vehicle company which aims to integrate avant-garde design, life-style personalization, IoT connectivity, and autonomous driving technology into a passenger-centric green premium mobility solution to the world.