Netcapital (NCPL) Debt Ratio (2013 - 2026)
Netcapital's (NCPL) Debt Ratio stood at 0.15 in fiscal Q3 2026 (quarter ended Jan 31, 2026), up 53.7% from 0.10 a year earlier but down 2.2% from the prior quarter.
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Analysis
Netcapital (NCPL) Debt Ratio (2013 - 2026) Analysis & Trends
For FY2025 (ended Apr 30, 2025), Netcapital's Debt Ratio came in at 0.19, up 87.9% from FY2024.
- Across earlier fiscal years, Debt Ratio came in at 0.10 in FY2024 (+58.4%), 0.07 in FY2023 (-45.1%), 0.12 in FY2022 (-41.9%) and 0.20 in FY2021 (-56.1%).
- Quarterly Debt Ratio has ranged from 0.05 in fiscal Q1 2024 to 0.20 in fiscal Q4 2021 over the past five years.
- On a year-over-year basis, Debt Ratio has increased for four consecutive quarters, with growth averaging 49.1% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 87.9% in fiscal Q4 2025, against a decline of 74.2% in fiscal Q1 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.15 (Q2 2026), 0.15 (Q1 2026) and 0.19 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 107.52 Bn | 95.62 Bn | - | 0.02 |
| 2 | Intercontinental Exchange | 89.64 Bn | 83.37 Bn | - | 0.11 |
| 3 | Robinhood Markets | 89.50 Bn | 70.54 Bn | - | - |
| 4 | Nasdaq | 54.07 Bn | 51.50 Bn | 1.50 Bn | 0.32 |
| 5 | Interactive Brokers | 37.51 Bn | 14.62 Bn | - | 0.00 |
| 6 | Cboe Global Markets | 33.23 Bn | 24.89 Bn | 731.60 Mn | 0.14 |
| 7 | LPL Financial Holdings | 25.78 Bn | 21.10 Bn | - | 0.38 |
| 8 | Tradeweb Markets | 25.37 Bn | 17.38 Bn | - | - |
| 9 | Circle Internet | 21.86 Bn | 15.74 Bn | 288.85 Mn | - |
| 10 | Netcapital | 12.24 Mn | 12.24 Mn | 92,524.00 | 0.15 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 0.15 |
| Oct 31, 2025 | 0.15 |
| Jul 31, 2025 | 0.16 |
| Apr 30, 2025 | 0.20 |
| Jan 31, 2025 | 0.10 |
| Oct 31, 2024 | 0.09 |
| Jul 31, 2024 | 0.09 |
| Apr 30, 2024 | 0.10 |
| Jan 31, 2024 | 0.14 |
| Oct 31, 2023 | 0.14 |
| Jul 31, 2023 | 0.05 |
| Apr 30, 2023 | 0.07 |
| Jan 31, 2023 | 0.07 |
| Oct 31, 2022 | 0.08 |
| Jul 31, 2022 | 0.08 |
| Apr 30, 2022 | 0.13 |
| Jan 31, 2022 | 0.08 |
| Oct 31, 2021 | 0.19 |
| Jul 31, 2021 | 0.19 |
| Apr 30, 2021 | 0.20 |
API Access
Netcapital Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NCPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NCPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NCPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();