OceanTech Acquisitions I (OceanTech Acquisitions I) Debt-to-Asset : 0.19 (As of Mar. 2024)

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What is OceanTech Acquisitions I Debt-to-Asset?

OceanTech Acquisitions I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.80 Mil. OceanTech Acquisitions I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. OceanTech Acquisitions I's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $9.31 Mil. OceanTech Acquisitions I's debt to asset for the quarter that ended in Mar. 2024 was 0.19.

OceanTech Acquisitions I Debt-to-Asset Historical Data

The historical data trend for OceanTech Acquisitions I's Debt-to-Asset 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.

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OceanTech Acquisitions I Debt-to-Asset Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.02

0.18

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial								0.04	0.13	0.15	0.18	0.19

Competitive Comparison of OceanTech Acquisitions I's Debt-to-Asset

For the Shell Companies subindustry, OceanTech Acquisitions I's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

OceanTech Acquisitions I's Debt-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, OceanTech Acquisitions I's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where OceanTech Acquisitions I's Debt-to-Asset falls into.

OceanTech Acquisitions I Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

OceanTech Acquisitions I's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.652	+	0)	/	9.389
	=	0.18

OceanTech Acquisitions I's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.795	+	0)	/	9.314
	=	0.19

OceanTech Acquisitions I (NAS:OTECW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

OceanTech Acquisitions I Debt-to-Asset Related Terms

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OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (NAS:OTECW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

OTEC:USA

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.