New Momentum (NNAX) Debt Ratio (2010 - 2023)

New Momentum's Debt Ratio history runs 12 years deep, the most recent figure standing at 1.14 for Q4 2023.

• In Q4 2023, Debt Ratio fell 37.49% year-over-year to 1.14; the TTM figure through Dec 2023 stood at 1.14 (down 37.49% YoY), while the FY2023 annual figure was 1.14, down 37.49% from the prior year.
• Debt Ratio was 1.14 for Q4 2023 at New Momentum, down from 1.82 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 1.82 in Q4 2022 to a low of 0.24 in Q3 2021.
• Historically, Debt Ratio has averaged 0.77 across 5 years, with a median of 0.44 in 2021.
• The sharpest annual moves came in 2020 and 2023: Debt Ratio slumped 63.2% in 2020, then tumbled 37.49% in 2023.
• A 5-year view of Debt Ratio shows it stood at 1.07 in 2019, then slumped by 63.2% to 0.39 in 2020, then slumped by 39.3% to 0.24 in 2021, then jumped by 661.05% to 1.82 in 2022, then sank by 37.49% to 1.14 in 2023.
• The last three Debt Ratio figures came in at 1.14 (Q4 2023), 1.82 (Q4 2022), and 0.24 (Q3 2021), per Business Quant data.