Neptune Digital Assets (TSXV:NDA) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Neptune Digital Assets Debt-to-Equity?

Neptune Digital Assets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Neptune Digital Assets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Neptune Digital Assets's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$51.38 Mil. Neptune Digital Assets's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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 Neptune Digital Assets's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Neptune Digital Assets was 0.05. The lowest was 0.01. And the median was 0.03.

TSXV:NDA's Debt-to-Equity is not ranked ^*
in the Capital Markets industry.
Industry Median: 0.355
* Ranked among companies with meaningful Debt-to-Equity only.

Neptune Digital Assets Debt-to-Equity Historical Data

The historical data trend for Neptune Digital Assets'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.

Neptune Digital Assets Debt-to-Equity Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.04

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Neptune Digital Assets's Debt-to-Equity

For the Capital Markets subindustry, Neptune Digital Assets'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.

Neptune Digital Assets's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Neptune Digital Assets's Debt-to-Equity distribution charts can be found below:

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

Neptune Digital Assets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neptune Digital Assets's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	0)	/	32.281
	=	0.00

Neptune Digital Assets's Debt to Equity Ratio for the quarter that ended in Feb. 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	+	0)	/	51.378
	=	0.00

Neptune Digital Assets (TSXV:NDA) 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.

Neptune Digital Assets Debt-to-Equity Related Terms

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

Neptune Digital Assets (TSXV:NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (TSXV:NDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Executives

Neptune Digital Assets Corp.

Issuer

Neptune Digital Assets (TSXV:NDA) Headlines

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