ACAC (Acri Capital Acquisition) Debt-to-Equity : 0.16 (As of Jun. 2024)

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What is Acri Capital Acquisition Debt-to-Equity?

Acri Capital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2.50 Mil. Acri Capital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Acri Capital Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $15.51 Mil. Acri Capital Acquisition's debt to equity for the quarter that ended in Jun. 2024 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 Acri Capital Acquisition's Debt-to-Equity or its related term are showing as below:

ACAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 5.67
Current: 0.16

During the past 2 years, the highest Debt-to-Equity Ratio of Acri Capital Acquisition was 5.67. The lowest was 0.00. And the median was 0.04.

ACAC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.155 vs ACAC: 0.16

Acri Capital Acquisition Debt-to-Equity Historical Data

The historical data trend for Acri Capital 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.

Acri Capital Acquisition Debt-to-Equity Chart

Acri Capital Acquisition Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.05

Acri Capital Acquisition Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial					0.03	0.04	0.05	0.07	0.16

Competitive Comparison of Acri Capital Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Acri Capital 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.

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

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

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

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Acri Capital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Acri Capital Acquisition'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
	=	(1.432	+	0)	/	31.561
	=	0.05

Acri Capital Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(2.503	+	0)	/	15.506
	=	0.16

Acri Capital Acquisition (NAS:ACAC) 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.

Acri Capital Acquisition Debt-to-Equity Related Terms

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

Acri Capital Acquisition Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

13284 Pond Springs Road, Suite 405, Austin, TX, USA, 78729

Website

http://www.acricapacquisition.com

Acri Capital Acquisition Corp is a newly organized blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Edmund R Miller	director	2000 S BAYSHORE DR, #40, COCONUT GROVE FL 33133
Joy Yi Hua	director, 10 percent owner, officer: CEO and Chairwoman	6406 WOODBOURNE LN, CROZET VA 22932
Acri Capital Sponsor Llc	10 percent owner	6406 WOODBOURNE LN, CROZET VA 22932
Hardin James Craig Jr.	director	136 GRACKLE LN, PAWLEY ISLANDS SC 29585
Andrew James Pierce	director	2961-A HUNTER MILL RD, #124, OAKTON VA 22124