ACE Convergence Acquisition (ACE Convergence Acquisition) Debt-to-Asset : 0.06 (As of Sep. 2022)

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What is ACE Convergence Acquisition Debt-to-Asset?

ACE Convergence Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.55 Mil. ACE Convergence Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. ACE Convergence Acquisition's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was $40.31 Mil. ACE Convergence Acquisition's debt to asset for the quarter that ended in Sep. 2022 was 0.06.

ACE Convergence Acquisition Debt-to-Asset Historical Data

The historical data trend for ACE Convergence Acquisition's Debt-to-Asset 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.

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ACE Convergence Acquisition Debt-to-Asset Chart

ACE Convergence Acquisition Annual Data

Trend

Dec20

Dec21

Debt-to-Asset

ACE Convergence Acquisition Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Asset	Get a 7-Day Free Trial					-	-	0.02	0.03	0.06

Competitive Comparison of ACE Convergence Acquisition's Debt-to-Asset

For the Shell Companies subindustry, ACE Convergence Acquisition's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

ACE Convergence Acquisition's Debt-to-Asset Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where ACE Convergence Acquisition's Debt-to-Asset falls into.

ACE Convergence Acquisition Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ACE Convergence Acquisition's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.528	+	0)	/	230.28
	=	0.00

ACE Convergence Acquisition's Debt-to-Asset for the quarter that ended in Sep. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.551	+	0)	/	40.309
	=	0.06

ACE Convergence Acquisition (NAS:ACEVU) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ACE Convergence Acquisition Debt-to-Asset Related Terms

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ACE Convergence Acquisition (ACE Convergence Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ACE Convergence Acquisition Corp (NAS:ACEVU) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1013 Centre Road, Suite 403S, Wilmington, DE, USA, 19805

Website

http://acev.io

ACE Convergence Acquisition Corp is a blank check company.

Executives

Omid Tahernia	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Kenneth Klein	director	700 SAGINAW DRIVE, REDWOOD CITY CA 94063
Behrooz L. Abdi	director, officer: Chief Executive Officer	1875 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043
Ryan A Benton	director	48720 KATO ROAD, FREMONT CA 94538
Ace Convergence Acquisition Llc	director, 10 percent owner	1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Raquel Chmielewski	director	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Minyoung Park	officer: Chief Financial Officer	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Sunny Siu	director, officer: President	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Denis Tse	director, officer: Secretary	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805