Holdco Nuvo Group DG (Holdco Nuvo Group DG) Debt-to-Equity : -0.17 (As of Dec. 2023)

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What is Holdco Nuvo Group DG Debt-to-Equity?

Holdco Nuvo Group DG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.63 Mil. Holdco Nuvo Group DG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.95 Mil. Holdco Nuvo Group DG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-67.49 Mil. Holdco Nuvo Group DG's debt to equity for the quarter that ended in Dec. 2023 was -0.17.

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 Holdco Nuvo Group DG's Debt-to-Equity or its related term are showing as below:

NUVO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.24 Med: -0.2 Max: -0.17
Current: -0.17

During the past 3 years, the highest Debt-to-Equity Ratio of Holdco Nuvo Group DG was -0.17. The lowest was -0.24. And the median was -0.20.

NUVO's Debt-to-Equity is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.22 vs NUVO: -0.17

Holdco Nuvo Group DG Debt-to-Equity Historical Data

The historical data trend for Holdco Nuvo Group DG'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.

Holdco Nuvo Group DG Debt-to-Equity Chart

Holdco Nuvo Group DG Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.24

-0.17

Holdco Nuvo Group DG Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	-	-0.24	-0.17

Competitive Comparison of Holdco Nuvo Group DG's Debt-to-Equity

For the Medical Devices subindustry, Holdco Nuvo Group DG'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.

Holdco Nuvo Group DG's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Holdco Nuvo Group DG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Holdco Nuvo Group DG's Debt-to-Equity falls into.

Holdco Nuvo Group DG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Holdco Nuvo Group DG'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
	=	(10.627	+	0.949)	/	-67.49
	=	-0.17

Holdco Nuvo Group DG's Debt to Equity Ratio for the quarter 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
	=	(10.627	+	0.949)	/	-67.49
	=	-0.17

Holdco Nuvo Group DG (NAS:NUVO) 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.

Holdco Nuvo Group DG Debt-to-Equity Related Terms

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Holdco Nuvo Group DG (Holdco Nuvo Group DG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Holdco Nuvo Group DG Ltd (NAS:NUVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Yigal Alon Street, Alon Tower 1, Tel Aviv, ISR, 6789155

Website

https://www.nuvocares.com

Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. It is leading the transformation from a world where pregnancy care is limited by outdated technology and barriers to accessing care to a world where data-driven, clinically relevant, actionable insights can be accessed both at home and in the clinic. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.

Holdco Nuvo Group DG (Holdco Nuvo Group DG) Headlines

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