Novus Properties (XMAU:NOV) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Novus Properties Debt-to-Equity?

Novus Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0.00 Mil. Novus Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0.00 Mil. Novus Properties's Total Stockholders Equity for the quarter that ended in Mar. 2024 was MUR163.03 Mil. Novus Properties's debt to equity for the quarter that ended in Mar. 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 Novus Properties's Debt-to-Equity or its related term are showing as below:

XMAU:NOV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.37 Max: 0.43
Current: 0.36

During the past 9 years, the highest Debt-to-Equity Ratio of Novus Properties was 0.43. The lowest was 0.26. And the median was 0.37.

XMAU:NOV's Debt-to-Equity is ranked better than
68.84% of 1579 companies
in the Real Estate industry
Industry Median: 0.75 vs XMAU:NOV: 0.36

Novus Properties Debt-to-Equity Historical Data

The historical data trend for Novus Properties'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.

Novus Properties Debt-to-Equity Chart

Novus Properties Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.42

0.43

0.41

0.37

Novus Properties Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.37	-	-

Competitive Comparison of Novus Properties's Debt-to-Equity

For the Real Estate Services subindustry, Novus Properties'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.

Novus Properties's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Novus Properties's Debt-to-Equity distribution charts can be found below:

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

Novus Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novus Properties's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	59)	/	159.774
	=	0.37

Novus Properties'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	+	0)	/	163.027
	=	0.00

Novus Properties (XMAU:NOV) 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.

Novus Properties Debt-to-Equity Related Terms

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Novus Properties (XMAU:NOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Novus Properties Ltd (XMAU:NOV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Caudan Waterfront, 6th/7th Floor, Dias Pier Building, Port Louis, MUS, 11307

Website

https://www.novusproperties.mu

Novus Properties Ltd is engaged in acquiring, investing, and holding an investment in real estate located in Mauritius. It invests mainly in the Offices and Light Industrial sectors. The company generates the majority revenue from the rental income.