Northann (NCL) Debt to Equity (2022 - 2026)

Northann's Debt to Equity history runs 5 years deep, the most recent figure standing at $0.23 for Q1 2026.

• In Q1 2026, Debt to Equity rose 569.06% year-over-year to $0.23; the TTM figure through Mar 2026 stood at $0.23 (up 569.06% YoY), while the FY2025 annual figure was $0.47, down 74.52% from the prior year.
• Debt to Equity was $0.23 for Q1 2026 at Northann, down from $0.47 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $2.95 in Q2 2024 to a low of -$0.07 in Q3 2023.
• Historically, Debt to Equity has averaged $0.75 across 5 years, with a median of $0.22 in 2023.
• Biggest YoY gain for Debt to Equity was 2526.41% in 2025; the steepest drop was 81.79% in 2025.
• A 5-year view of Debt to Equity shows it stood at $0.07 in 2022, then surged by 216.54% to $0.21 in 2023, then surged by 767.87% to $1.86 in 2024, then sank by 74.52% to $0.47 in 2025, then sank by 50.58% to $0.23 in 2026.
• The last three Debt to Equity figures came in at $0.23 (Q1 2026), $0.47 (Q4 2025), and $2.28 (Q3 2025), per Business Quant data.