Iron Horse Acquisitions (Iron Horse Acquisitions) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Iron Horse Acquisitions Debt-to-Equity?

Iron Horse Acquisitions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.56 Mil. Iron Horse Acquisitions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Iron Horse Acquisitions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $66.78 Mil. Iron Horse Acquisitions's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Iron Horse Acquisitions's Debt-to-Equity or its related term are showing as below:

IROH' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.83 Med: 0.01 Max: 4.14
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Iron Horse Acquisitions was 4.14. The lowest was -3.83. And the median was 0.01.

IROH's Debt-to-Equity is ranked better than
99.65% of 286 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs IROH: 0.01

Iron Horse Acquisitions Debt-to-Equity Historical Data

The historical data trend for Iron Horse Acquisitions'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.

Iron Horse Acquisitions Debt-to-Equity Chart

Iron Horse Acquisitions Annual Data

Trend

Dec17

Dec21

Dec22

Dec23

Debt-to-Equity

4.14

8.17

-3.83

0.01

Iron Horse Acquisitions Quarterly Data
	Dec17	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			-3.83	N/A	-2.52	0.01	0.01

Competitive Comparison of Iron Horse Acquisitions's Debt-to-Equity

For the Shell Companies subindustry, Iron Horse Acquisitions'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.

Iron Horse Acquisitions's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Iron Horse Acquisitions's Debt-to-Equity falls into.

Iron Horse Acquisitions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iron Horse Acquisitions's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.558	+	0)	/	66.31
	=	0.01

Iron Horse Acquisitions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.558	+	0)	/	66.783
	=	0.01

Iron Horse Acquisitions (NAS:IROH) 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.

Iron Horse Acquisitions Debt-to-Equity Related Terms

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Iron Horse Acquisitions (Iron Horse Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iron Horse Acquisitions Corp (NAS:IROH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

875 Third Avenue, New York, NY, USA, 10022

Website

Iron Horse Acquisition Corp is a blank check company.

Iron Horse Acquisitions (Iron Horse Acquisitions) Headlines

From GuruFocus

Iron Horse Acquisitions Corp. Announces Pricing of $61,000,000 Initial Public Offering

By Business Wire • 12-27-2023

Iron Horse Acquisitions Corp. Announces Closing of Initial Public Offering

By Business Wire • 12-29-2023