Nexity Financial Corporation
Nexity Financial Corporation, a bank holding company, provides commercial banking services. The company was founded in 1999 and is headquartered in Birmingham, Alabama. On July 21, 2011, the voluntary petition of Nexity Financial Corporation for reorganization under Chapter 11 was converted to liquidation under Chapter 7. It had filed for Chapter 11 bankruptcy on July 22, 2010.
Nexity Financial Corporation (NXTYQ) - Total Liabilities
Latest total liabilities as of December 2008: $1.00 Billion USD
Based on the latest financial reports, Nexity Financial Corporation (NXTYQ) has total liabilities worth $1.00 Billion USD as of December 2008.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Nexity Financial Corporation - Total Liabilities Trend (2003–2008)
This chart illustrates how Nexity Financial Corporation's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Nexity Financial Corporation Competitors by Total Liabilities
The table below lists competitors of Nexity Financial Corporation ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
SFLMaven Corp
PINK:SFLM
|
USA | $102.02K |
|
Medican Enterprises
PINK:MDCN
|
USA | $19.82 Million |
|
Snoogoo Corp
PINK:SGOO
|
USA | $725.89K |
|
Canopus BioPharma Incorporated
PINK:CBIA
|
USA | $191.11K |
|
Greyson International Inc
PINK:GYSN
|
USA | $872.08K |
|
Newron Sport
PINK:NSPT
|
USA | $185.29K |
|
Prologic Management Systems Inc
PINK:PRLO
|
USA | $1.81 Million |
Liability Composition Analysis (2003–2008)
This chart breaks down Nexity Financial Corporation's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.14 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 17.22 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.95 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Nexity Financial Corporation's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Nexity Financial Corporation (2003–2008)
The table below shows the annual total liabilities of Nexity Financial Corporation from 2003 to 2008.
| Year | Total Liabilities | Change |
|---|---|---|
| 2008-12-31 | $1.00 Billion | +13.92% |
| 2007-12-31 | $880.68 Million | +619.68% |
| 2006-12-31 | $122.37 Million | +4.26% |
| 2005-12-31 | $117.37 Million | +9.31% |
| 2004-12-31 | $107.37 Million | -78.18% |
| 2003-12-31 | $492.10 Million | -- |