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Monterey Capital Acquisition (Monterey Capital Acquisition) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Monterey Capital Acquisition Debt-to-Equity?

Monterey Capital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.18 Mil. Monterey Capital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Monterey Capital Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $49.81 Mil. Monterey Capital Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

MCAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 16
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Monterey Capital Acquisition was 16.00. The lowest was 0.00. And the median was 0.02.

MCAC's Debt-to-Equity is ranked better than
89.97% of 309 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs MCAC: 0.02

Monterey Capital Acquisition Debt-to-Equity Historical Data

The historical data trend for Monterey Capital 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.

Monterey Capital Acquisition Debt-to-Equity Chart

Monterey Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
16.00 - 0.02

Monterey Capital Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only - 0.01 0.01 0.01 0.02

Competitive Comparison of Monterey Capital Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Monterey Capital 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.

Monterey Capital Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Monterey Capital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Monterey Capital 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
=(1.184 + 0) / 49.81
=0.02

Monterey Capital 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
=(1.184 + 0) / 49.81
=0.02

* 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.

Monterey Capital Acquisition  (NAS:MCAC) 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.

Monterey Capital Acquisition Debt-to-Equity Related Terms

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Monterey Capital Acquisition (Monterey Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monterey Capital Acquisition Corp (NAS:MCAC) » Definitions » Debt-to-Equity
Comparable Companies
GATE FIAC GPAC OPA TBCP BMAC NSTB DSAQ NPAB ZLS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
419 Webster Street, Monterey, CA, USA, 93940
Website
Monterey Capital Acquisition Corp is a blank check company.
Executives
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Vivek K. Soni director, officer: Executive VP and Director 419 WEBSTER STREET, MONTEREY CA 93940
Kathleen C Cuocolo director 731 LEXINGTON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Monterey Acquisition Sponsor, Llc 10 percent owner 419 WEBSTER STREET, MONTEREY CA 93940
Leela Gray director 419 WEBSTER STREET, MONTEREY CA 93940
Bala Padmakumar director, 10 percent owner, officer: Chief Executive Officer 419 WEBSTER STREET, MONTEREY CA 93940
Daniel R Davis officer: Chief Financial Officer 419 WEBSTER STREET, MONTEREY CA 93940