Near Intelligence (Near Intelligence) Debt-to-Equity : 26.80 (As of Jun. 2023)

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What is Near Intelligence Debt-to-Equity?

Near Intelligence's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $101.63 Mil. Near Intelligence's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.52 Mil. Near Intelligence's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $3.92 Mil. Near Intelligence's debt to equity for the quarter that ended in Jun. 2023 was 26.80.

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

NIRLQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.24 Med: -0.14 Max: 26.8
Current: 26.8

During the past 2 years, the highest Debt-to-Equity Ratio of Near Intelligence was 26.80. The lowest was -0.24. And the median was -0.14.

NIRLQ's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs NIRLQ: 26.80

Near Intelligence Debt-to-Equity Historical Data

The historical data trend for Near Intelligence'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.

Near Intelligence Debt-to-Equity Chart

Near Intelligence Annual Data

Trend

Dec20

Dec21

Debt-to-Equity

-0.11

-0.16

Near Intelligence Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	-0.24	-0.24	16.12	26.80

Competitive Comparison of Near Intelligence's Debt-to-Equity

For the Software - Application subindustry, Near Intelligence'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.

Near Intelligence's Debt-to-Equity Distribution in the Software Industry

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

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

Near Intelligence Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Near Intelligence's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(8.349	+	12.909)	/	-132.769
	=	-0.16

Near Intelligence's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(101.631	+	3.52)	/	3.923
	=	26.80

Near Intelligence (OTCPK:NIRLQ) 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.

Near Intelligence Debt-to-Equity Related Terms

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Near Intelligence (Near Intelligence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Near Intelligence Inc (OTCPK:NIRLQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 W Walnut Street, 4th Floor, Pasadena, CA, USA

Website

https://www.near.com

Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.

Executives

Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Sherman Iii Edmiston	director	ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Kathryn Petralia	director	TRICOLOR HOLDINGS, INC., 6021 CONNECTION DRIVE, 4TH FLOOR, IRVING TX 75039
Mark N Greene	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Um Legacy Llc	10 percent owner	130 WEST UNION STREET, PASADENA CA 91103
Jpmorgan Chase & Co	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10017
Cecil Capital Pte. Ltd.	10 percent owner	160 ROBINSON ROAD, #20-03, SINGAPORE U0 068914
Shobhit Shukla	officer: President	1096 KEELER AVENUE, BERKELEY CA 94708
Gladys Kong	officer: COO and Secretary	1096 KEELER AVENUE, BERKELEY CA 94708
Rahul Agarwal	officer: Chief Financial Officer	1096 KEELER AVENUE, BERKELEY CA 94708
Anil Mathews	director, officer: CEO and Chairman	1096 KEELER AVENUE, BERKELEY CA 94708
Jay Angelo	officer: General Counsel	1096 KEELER AVENUE, BERKELEY CA 94708
Sequoia Capital India Iii Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Blake Ross	10 percent owner	1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014