Brilliant Acquisition (Brilliant Acquisition) Debt-to-Equity

: -66.37 (As of Sep. 2023)

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Brilliant Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.18 Mil. Brilliant Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Brilliant Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.06 Mil. Brilliant Acquisition's debt to equity for the quarter that ended in Sep. 2023 was -66.37.

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 Brilliant Acquisition's Debt-to-Equity or its related term are showing as below:

BRLI' s Debt-to-Equity Range Over the Past 10 Years
Min: -66.37 Med: 0.05 Max: 58.5
Current: -66.37

During the past 4 years, the highest Debt-to-Equity Ratio of Brilliant Acquisition was 58.50. The lowest was -66.37. And the median was 0.05.

BRLI's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs BRLI: -66.37

Brilliant Acquisition Debt-to-Equity Historical Data

The historical data trend for Brilliant Acquisition'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.

Brilliant Acquisition Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

45.50

0.01

0.04

1.71

Brilliant Acquisition Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial												0.13	1.71	10.94	48.55	-66.37

Competitive Comparison

For the Shell Companies subindustry, Brilliant Acquisition'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.

Brilliant Acquisition Debt-to-Equity Distribution

For the Diversified Financial Services industry and Financial Services sector, Brilliant Acquisition's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Brilliant Acquisition's Debt-to-Equity falls into.

Brilliant Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brilliant Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3.651	+	0)	/	2.135
	=	1.71

Brilliant Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4.181	+	0)	/	-0.063
	=	-66.37

Brilliant Acquisition (NAS:BRLI) 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.

Brilliant Acquisition Debt-to-Equity Related Terms

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