NetBrands (NetBrands) Debt-to-Equity : -0.65 (As of Mar. 2024)

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What is NetBrands Debt-to-Equity?

NetBrands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.86 Mil. NetBrands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.50 Mil. NetBrands's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-2.09 Mil. NetBrands's debt to equity for the quarter that ended in Mar. 2024 was -0.65.

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

NBND' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.57 Med: -0.98 Max: 62
Current: -0.65

During the past 7 years, the highest Debt-to-Equity Ratio of NetBrands was 62.00. The lowest was -12.57. And the median was -0.98.

NBND's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs NBND: -0.65

NetBrands Debt-to-Equity Historical Data

The historical data trend for NetBrands'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.

NetBrands Debt-to-Equity Chart

NetBrands Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.42

-3.65

4.37

-1.92

-0.63

NetBrands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-1.50	-1.24	-0.98	-0.63	-0.65

Competitive Comparison of NetBrands's Debt-to-Equity

For the Packaged Foods subindustry, NetBrands'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.

NetBrands's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NetBrands's Debt-to-Equity distribution charts can be found below:

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

NetBrands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NetBrands'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
	=	(0.672	+	0.5)	/	-1.868
	=	-0.63

NetBrands's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.856	+	0.5)	/	-2.091
	=	-0.65

NetBrands (OTCPK:NBND) 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.

NetBrands Debt-to-Equity Related Terms

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

NetBrands (NetBrands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NetBrands Corp (OTCPK:NBND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4042 Austin Boulevard, Suite B Island Park, New York, NY, USA, 11558

Website

https://www.gdmginc.com

NetBrands Corp operates as a global diversified holdings company through several divisions. One of its divisions markets and sells multi-line consumer packaged goods (CPG) with branded product lines on a global basis. Another division acquires e-commerce assets as well as private businesses in various verticals and scales them up.

Executives

Paul Adler	director, 10 percent owner, officer: President, Secretary and CEO	4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558
David Natan	director	11190 BISCAYNE BLVD, MIAMI FL 33181
Michael Cascione	director	1309 SHELBOURNE AVE, MAMARONECK NY 10543
Sandra G. Williams	director	122 SCHOOL ST., FRAMINGHAM MA 01701
James Curtis Donegan	director	6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111
James M Cassidy	other: frmer dir., officer: 5% sh	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	other: frmer dir., officer: 5% sh	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212