AGBA Acquisition (AGBA Acquisition) Debt-to-Equity : 0.16 (As of Jun. 2022)

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What is AGBA Acquisition Debt-to-Equity?

AGBA Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $4.76 Mil. AGBA Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.00 Mil. AGBA Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $29.82 Mil. AGBA Acquisition's debt to equity for the quarter that ended in Jun. 2022 was 0.16.

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

AGBAU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.16
Current: 0.16

During the past 4 years, the highest Debt-to-Equity Ratio of AGBA Acquisition was 0.16. The lowest was 0.01. And the median was 0.07.

AGBAU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs AGBAU: 0.16

AGBA Acquisition Debt-to-Equity Historical Data

The historical data trend for AGBA 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.

AGBA Acquisition Debt-to-Equity Chart

AGBA Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

0.03

0.11

AGBA Acquisition Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Debt-to-Equity	Get a 7-Day Free Trial										0.07	0.09	0.11	0.13	0.16

Competitive Comparison of AGBA Acquisition's Debt-to-Equity

For the Shell Companies subindustry, AGBA 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.

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

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

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

AGBA Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AGBA Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(3.71	+	0)	/	33.596
	=	0.11

AGBA Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(4.762	+	0)	/	29.824
	=	0.16

AGBA Acquisition (NAS:AGBAU) 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.

AGBA Acquisition Debt-to-Equity Related Terms

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AGBA Acquisition (AGBA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AGBA Acquisition Ltd (NAS:AGBAU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Science Museum Road, Room 1108, 11th Floor, Block B, New Mandarin Plaza, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

AGBA Acquisition Ltd is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Eric Sc Lam	director	ROOM 1108, 11TH FLOOR, BLOCK B, NEW MANDARIN PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000
Gordon Kk Lee	director, officer: Chief Executive Officer	ROOM 1108, 11TH FLOOR, BLOCK B, NEW MANDARIN PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 100027
Vera Zl Tan	director, officer: Chief Financial Officer	ROOM 1108, 11TH FLOOR, BLOCKB, NEW MADISON PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 100027
Ng Thomas Kwok On	director	ROOM1108, 11FL, BLOCK B, NEW MANDARIN PL, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000
Chan Brian Chunhg Yau	director	ROOM1108, 11FL, BLOCK B, NEW MANDARIN PL, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000
Agba Holding Ltd	10 percent owner	ROOM 1108, 11TH FL, BLOCK B,, NEW MANDARIN PLZ, 14 SCIENCE MUSEUM RD, TSIMSHATSUI EAST, KOWLOON K3 00000