Monocle Acquisition (Monocle Acquisition) Debt-to-Equity : 0.03 (As of Sep. 2020)

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What is Monocle Acquisition Debt-to-Equity?

Monocle Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.15 Mil. Monocle Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil. Monocle Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $5.00 Mil. Monocle Acquisition's debt to equity for the quarter that ended in Sep. 2020 was 0.03.

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

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

During the past 2 years, the highest Debt-to-Equity Ratio of Monocle Acquisition was 0.03. The lowest was 0.03. And the median was 0.03.

MNCLU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs MNCLU: 0.03

Monocle Acquisition Debt-to-Equity Historical Data

The historical data trend for Monocle 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.

Monocle Acquisition Debt-to-Equity Chart

Monocle Acquisition Annual Data

Trend

Dec18

Dec19

Debt-to-Equity

6.00

Monocle Acquisition Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	0.03	0.03

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

For the Shell Companies subindustry, Monocle 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.

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

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

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

Monocle Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Monocle Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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)	/	5
	=	0.00

Monocle Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.15	+	0)	/	5
	=	0.03

Monocle Acquisition (NAS:MNCLU) 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.

Monocle Acquisition Debt-to-Equity Related Terms

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Monocle Acquisition (Monocle Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 Lexington Avenue, Suite 1501, New York, NY, USA, 10022

Website

Monocle Acquisition Corp is a blank check company. The firm intends to focus on businesses in the aerospace and defense, industrial, and technology and telecommunication sectors.

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
Sai S Devabhaktuni	director, 10 percent owner	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Richard J Townsend	10 percent owner, officer: EVP and CFO	600 THIRD AVENUE, NEW YORK NY 10016
Eric J Zahler	director, 10 percent owner, officer: President and CEO	600 THIRD AVENUE, NEW YORK NY 10016
Monocle Partners, Llc	10 percent owner	750 LEXINGTON AVE., SUITE 1501, NEW YORK NY 10022
John Pescatore	director	3 GARRET MOUNTAIN PLAZA, SUITE 401, WOODLAND PARK NJ 07424
Donald W. Manvel	director	C/O MONOCLE ACQUISITION CORPORATION, 750 LEXINGTON AVE., SUITE 1501, NEW YORK NY 10022
Claude Robert Kehler	director	C/O MONOCLE ACQUISITION CORPORATION, 750 LEXINGTON AVENUE, SUITE 1501, NEW YORK NY 10022