Prime Number Acquisition I (Prime Number Acquisition I) Debt-to-Equity : -0.10 (As of Jun. 2023)

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What is Prime Number Acquisition I Debt-to-Equity?

Prime Number Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.36 Mil. Prime Number Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Prime Number Acquisition I's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-3.48 Mil. Prime Number Acquisition I's debt to equity for the quarter that ended in Jun. 2023 was -0.10.

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

PNACW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.1 Med: 14.58 Max: 25
Current: -0.1

During the past 2 years, the highest Debt-to-Equity Ratio of Prime Number Acquisition I was 25.00. The lowest was -0.10. And the median was 14.58.

PNACW's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs PNACW: -0.10

Prime Number Acquisition I Debt-to-Equity Historical Data

The historical data trend for Prime Number Acquisition I'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.

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Prime Number Acquisition I Debt-to-Equity Chart

Prime Number Acquisition I Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

14.58

Prime Number Acquisition I Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-0.10

Competitive Comparison of Prime Number Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Prime Number Acquisition I'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.

Prime Number Acquisition I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Prime Number Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prime Number Acquisition I'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
	=	(0	+	0)	/	-2.137
	=	0.00

Prime Number Acquisition I's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.358	+	0)	/	-3.482
	=	-0.10

Prime Number Acquisition I (NAS:PNACW) 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.

Prime Number Acquisition I Debt-to-Equity Related Terms

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