New Asia Holdings (New Asia Holdings) Debt-to-Equity : -0.78 (As of Sep. 2023)

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What is New Asia Holdings Debt-to-Equity?

New Asia Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.01 Mil. New Asia Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. New Asia Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.29 Mil. New Asia Holdings's debt to equity for the quarter that ended in Sep. 2023 was -0.78.

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

NAHD' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.15 Med: -0.92 Max: -0.05
Current: -0.78

During the past 13 years, the highest Debt-to-Equity Ratio of New Asia Holdings was -0.05. The lowest was -1.15. And the median was -0.92.

NAHD's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs NAHD: -0.78

New Asia Holdings Debt-to-Equity Historical Data

The historical data trend for New Asia 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.

New Asia Holdings Debt-to-Equity Chart

New Asia Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.00

-0.94

-1.11

-0.90

-0.81

New Asia Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.81	-0.81	-0.79	-0.79	-0.78

Competitive Comparison of New Asia Holdings's Debt-to-Equity

For the Software - Application subindustry, New Asia 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.

New Asia Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, New Asia Holdings's Debt-to-Equity distribution charts can be found below:

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

New Asia Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Asia Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.946	+	0)	/	-1.171
	=	-0.81

New Asia Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.01	+	0)	/	-1.294
	=	-0.78

New Asia Holdings (OTCPK:NAHD) 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.

New Asia Holdings Debt-to-Equity Related Terms

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

New Asia Holdings (New Asia Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Asia Holdings Inc (OTCPK:NAHD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Tras Street, Suite 01-03, Singapore, SGP, 079019

Website

https://www.newasiainc.com

New Asia Holdings Inc is engaged in developing and deploying its proprietary, neural trading models for the financial community. It offers trading software solutions to clients on the basis of a software-as-a-service (SaaS) licensing and delivery models with licensed users availing of service-based contractual arrangements. The company's products capitalize the large volume of the 24 hour Forex markets to achieve capital appreciation over a medium- to long-term basis, combined with the usage of a good wealth vehicle designed to control risk, profit from both bull or bear markets, and maximize liquidity and economic resilience.

Executives

Lin Kok Peng Jeffrey	director, 10 percent owner	8 UBI ROAD, #02-07, ZERVEX U0 408538
Ng Anthony Zi Qin	10 percent owner	102 GERALD DRIVE, #04-75, SELETAR SPRINGS, SINGAPORE U0 798593
Scott C. Kline	director	15615 ALTON PKWY #450, IRVINE CA 92618
Lim Allister Wee Sing	director	111 NORTH BRIDGE ROAD,, #11-04 PENINSULA PLAZA, SINGAPORE U0 179098

New Asia Holdings (New Asia Holdings) Headlines

From GuruFocus

New Asia Holdings Inc. Issues Statement Regarding Recent Third-Party Promotional Activity

By PRNewswire PRNewswire • 08-05-2019