Longevity Acquisition (Longevity Acquisition) Debt-to-Equity : 0.18 (As of Nov. 2020)

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What is Longevity Acquisition Debt-to-Equity?

Longevity Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2020 was $0.00 Mil. Longevity Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2020 was $2.02 Mil. Longevity Acquisition's Total Stockholders Equity for the quarter that ended in Nov. 2020 was $11.20 Mil. Longevity Acquisition's debt to equity for the quarter that ended in Nov. 2020 was 0.18.

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

LOACU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 5.48
Current: 0.18

During the past 2 years, the highest Debt-to-Equity Ratio of Longevity Acquisition was 5.48. The lowest was 0.01. And the median was 0.04.

LOACU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs LOACU: 0.18

Longevity Acquisition Debt-to-Equity Historical Data

The historical data trend for Longevity 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.

Longevity Acquisition Debt-to-Equity Chart

Longevity Acquisition Annual Data

Trend

Feb19

Feb20

Debt-to-Equity

0.04

Longevity Acquisition Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.04	0.04	0.16	0.18

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

For the Shell Companies subindustry, Longevity 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.

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

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

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

Longevity Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Longevity Acquisition's Debt to Equity Ratio for the fiscal year that ended in Feb. 2020 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	+	1.5)	/	39.789
	=	0.04

Longevity Acquisition's Debt to Equity Ratio for the quarter that ended in Nov. 2020 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	+	2.022)	/	11.2
	=	0.18

Longevity Acquisition (NAS:LOACU) 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.

Longevity Acquisition Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Longevity Acquisition's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Longevity Acquisition (Longevity Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Longevity Acquisition Corp (NAS:LOACU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longyang Road, Yongda International Tower No. 2277, Pudong District, Shanghai, CHN

Website

Longevity Acquisition Corp is a blank check company, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Yukman Lau	director	SUITE 807 CENTURY LINK PLAZA NO. 1196, CENTURY AVENUE, PUDONG DISTRICT F4 200000
Minguang Wang	director	YONGDA INTERNATIONAL TOWER NO. 2277, LONGEVITY ROAD, PUDONG DISTRICT, SHANGHAI F4 20000
Hudson Bay Capital Management Lp	10 percent owner	28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Matthew Chen	director, 10 percent owner, officer: Chairman and CEO	YONGDA INTERNATIONAL TOWER 2277, LONGEVITY RD. PUDONG DISTRICT, SHANGHAI F4 20000
Sander Gerber	10 percent owner	C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Feng Peng	director	20 RIDGE ROAD, WARREN NJ 07059
Whale Management Corp	10 percent owner	YONGDA INTERNATIONAL TOWER NO. 2277, LONGEVITY RD. PUDONG DISTRICT, SHANGHAI F4 20000
Jun Liu	director	YONGDA INTERNATIONAL TOWER NO. 2277, LONGEVITY ROAD PUDONG DISTRICT, SHANGHAI F4 20000
Teddy Zheng	officer: CFO	YONGDA INTERNATIONAL TOWER NO. 2277, LONGEVITY ROAD, PUDONG DISTRICT, SHANGHAI F4 20000
Jason Zhang	director	YONGDA INTERNATIONAL TOWER NO. 2277, LONGEVITY ROAD, PUDONG DISTRICT, SHANGHAI F4 20000