Ace Global Business Acquisition (Ace Global Business Acquisition) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Ace Global Business Acquisition Debt-to-Equity?

Ace Global Business Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.71 Mil. Ace Global Business Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Ace Global Business Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.45 Mil. Ace Global Business Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

ACBAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.17
Current: 0.17

During the past 4 years, the highest Debt-to-Equity Ratio of Ace Global Business Acquisition was 0.17. The lowest was 0.03. And the median was 0.10.

ACBAU's Debt-to-Equity is ranked worse than
62.46% of 309 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs ACBAU: 0.17

Ace Global Business Acquisition Debt-to-Equity Historical Data

The historical data trend for Ace Global Business 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.

Ace Global Business Acquisition Debt-to-Equity Chart

Ace Global Business Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

0.17

Ace Global Business Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.03	0.10	0.11	0.15	0.17

Competitive Comparison of Ace Global Business Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Ace Global Business 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.

Ace Global Business Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Ace Global Business Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ace Global Business Acquisition'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
	=	(2.714	+	0)	/	16.448
	=	0.17

Ace Global Business Acquisition's Debt to Equity Ratio for the quarter 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
	=	(2.714	+	0)	/	16.448
	=	0.17

Ace Global Business Acquisition (NAS:ACBAU) 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.

Ace Global Business Acquisition Debt-to-Equity Related Terms

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Ace Global Business Acquisition (Ace Global Business Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ace Global Business Acquisition Ltd (NAS:ACBAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACBA:USA

Address

Tower 2, Lippo Centre, No. 89, Rm. 806, 8/F, Queensway, Admiralty, Hong Kong, HKG

Website

Ace Global Business Acquisition Ltd is a newly organized blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei	officer: Chief Financial Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd	10 percent owner	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong	director, officer: Chief Executive Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000