OceanTech Acquisitions I (OceanTech Acquisitions I) Debt-to-Equity : -0.81 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is OceanTech Acquisitions I Debt-to-Equity?

OceanTech Acquisitions I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.65 Mil. OceanTech Acquisitions I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. OceanTech Acquisitions I's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2.05 Mil. OceanTech Acquisitions I's debt to equity for the quarter that ended in Dec. 2023 was -0.81.

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 OceanTech Acquisitions I's Debt-to-Equity or its related term are showing as below:

OTAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.81 Med: 0 Max: 0.03
Current: -0.81

During the past 3 years, the highest Debt-to-Equity Ratio of OceanTech Acquisitions I was 0.03. The lowest was -0.81. And the median was 0.00.

OTAC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs OTAC: -0.81

OceanTech Acquisitions I Debt-to-Equity Historical Data

The historical data trend for OceanTech Acquisitions I'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.

OceanTech Acquisitions I Debt-to-Equity Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

-0.81

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.07	-0.89	-0.76	-0.81

Competitive Comparison of OceanTech Acquisitions I's Debt-to-Equity

For the Shell Companies subindustry, OceanTech Acquisitions I'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.

OceanTech Acquisitions I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where OceanTech Acquisitions I's Debt-to-Equity falls into.

OceanTech Acquisitions I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OceanTech Acquisitions I'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
	=	(1.652	+	0)	/	-2.045
	=	-0.81

OceanTech Acquisitions I'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
	=	(1.652	+	0)	/	-2.045
	=	-0.81

OceanTech Acquisitions I (OTCPK:OTAC) 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.

OceanTech Acquisitions I Debt-to-Equity Related Terms

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

OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (OTCPK:OTAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Knuettel Ii Francis	officer: Chief Financial Officer	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Aspire Acquistion Llc	10 percent owner	515 MADISON AVE., SUITE 8078, NEW YORK NY 10022
Srinivasan Venkatesh	director	2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan	director	334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Michael L Peterson	director	17 CANARY COURT, DANVILLE CA 94526
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Philippe Franchet	director	C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002
Ken Hickling	officer: Chief Operations Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Charles Baumgartner	officer: Chief Financial Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Joseph Adir	director, 10 percent owner, officer: Chief Executive Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Eric Blair	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Oceantech Acquisitions I Sponsors Llc	10 percent owner	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022