Athena Consumer Acquisition (Athena Consumer Acquisition) Debt-to-Equity : 0.12 (As of Jun. 2023)

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What is Athena Consumer Acquisition Debt-to-Equity?

Athena Consumer Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.00 Mil. Athena Consumer Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Athena Consumer Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $8.16 Mil. Athena Consumer Acquisition's debt to equity for the quarter that ended in Jun. 2023 was 0.12.

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

ACAQ.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.1 Max: 0.12
Current: 0.12

During the past 2 years, the highest Debt-to-Equity Ratio of Athena Consumer Acquisition was 0.12. The lowest was 0.08. And the median was 0.10.

ACAQ.U's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs ACAQ.U: 0.12

Athena Consumer Acquisition Debt-to-Equity Historical Data

The historical data trend for Athena Consumer 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.

Athena Consumer Acquisition Debt-to-Equity Chart

Athena Consumer Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

Athena Consumer Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	0.08	0.12

Competitive Comparison of Athena Consumer Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Athena Consumer 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.

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

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

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

Athena Consumer Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Athena Consumer Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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)	/	7.609
	=	0.00

Athena Consumer Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.995	+	0)	/	8.159
	=	0.12

Athena Consumer Acquisition (AMEX:ACAQ.U) 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.

Athena Consumer Acquisition Debt-to-Equity Related Terms

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Athena Consumer Acquisition (Athena Consumer Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Consumer Acquisition Corp (AMEX:ACAQ.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

http://www.athenaconsumerspac.com

Athena Consumer Acquisition Corp is a blank check company.

Executives

Sarah M Kauss	director	611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Jennifer Carr-smith	officer: COO and President	28 LIBERTY STREET, NEW YORK NY 10005
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Isabelle D. Freidheim	director, 10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Consumer Acquisition Sponsor Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Angelina Smith	officer: Chief Financial Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018
Jane Hyo-sung Park	officer: Chief Executive Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018