Next Meats Holdings (Next Meats Holdings) Debt-to-Equity : -1.02 (As of Jan. 2024)

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What is Next Meats Holdings Debt-to-Equity?

Next Meats Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.44 Mil. Next Meats Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.47 Mil. Next Meats Holdings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-0.89 Mil. Next Meats Holdings's debt to equity for the quarter that ended in Jan. 2024 was -1.02.

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

NXMH' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.55 Med: 0.06 Max: 8.83
Current: -1.02

During the past 4 years, the highest Debt-to-Equity Ratio of Next Meats Holdings was 8.83. The lowest was -1.55. And the median was 0.06.

NXMH's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs NXMH: -1.02

Next Meats Holdings Debt-to-Equity Historical Data

The historical data trend for Next Meats 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.

Next Meats Holdings Debt-to-Equity Chart

Next Meats Holdings Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

0.06

8.83

Next Meats Holdings Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial										0.06	8.83	-1.55	-0.72	-1.02

Competitive Comparison of Next Meats Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Next Meats 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.

Next Meats Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Next Meats Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next Meats Holdings's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.047	+	0.359)	/	0.046
	=	8.83

Next Meats Holdings's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.437	+	0.469)	/	-0.891
	=	-1.02

Next Meats Holdings (OTCPK:NXMH) 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.

Next Meats Holdings Debt-to-Equity Related Terms

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Next Meats Holdings (Next Meats Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Next Meats Holdings Inc (OTCPK:NXMH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3F 1-16-13 Ebisu Minami Shibuya-ku, Tokyo, JPN, 150-0022

Website

https://www.nextmeats.co.jp

Next Meats Holdings Inc. is a Japanese Company that operates in the alternative meat industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes. As will be described later on, Next Meats Co., Ltd. is now a wholly-owned subsidiary of the Company.

Executives

Koichi Ishizuka	director, 10 percent owner, officer: CEO, CFO	3-1-21, CHUO, NAKANO-KU, TOKYO M0 164-0011
White Knight Co., Ltd.	10 percent owner	3F K MINAMIAOYAMA, 6-6-20 MINAMIAOYAMA, MINATO-KU, TOKYO M0 107-0062
Hideyuki Sasaki	director, 10 percent owner, officer: Chief Operating Officer	5-2-4 NISHI, HANYU-SHI, SAITAMA M0 348-0054
Ryo Shirai	director, 10 percent owner, other: Chairman of the Board	4-380-4- NAKAZAWA, NAGAOKA-SHI, NIIGATA M0 940-0853
Next Meats Co., Ltd	10 percent owner	3F 1-16-13 EBISU MINAMI, SHIBUYA-KU, TOKYO M0 150-0022
Flint Consulting Services, Llc	10 percent owner	780 RESERVOIR AVE #123, CRANSTON RI 029910