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

ACAXU (Alset Capital Acquisition) Debt-to-Equity : 0.01 (As of Aug. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Alset Capital Acquisition Debt-to-Equity?

Alset Capital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.21 Mil. Alset Capital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil. Alset Capital Acquisition's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $18.33 Mil. Alset Capital Acquisition's debt to equity for the quarter that ended in Aug. 2023 was 0.01.

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

ACAXU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.01
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Alset Capital Acquisition was 0.01. The lowest was 0.00. And the median was 0.01.

ACAXU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.15 vs ACAXU: 0.01

Alset Capital Acquisition Debt-to-Equity Historical Data

The historical data trend for Alset 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.

Alset Capital Acquisition Debt-to-Equity Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Debt-to-Equity
- -

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Debt-to-Equity Get a 7-Day Free Trial - - - - 0.01

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

For the Shell Companies subindustry, Alset 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.

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

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

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


Alset Capital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alset Capital Acquisition's Debt to Equity Ratio for the fiscal year that ended in Nov. 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) / 85.902
=0.00

Alset Capital Acquisition's Debt to Equity Ratio for the quarter that ended in Aug. 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
=(0.205 + 0) / 18.33
=0.01

* 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.

Alset Capital Acquisition  (NAS:ACAXU) 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.

Alset Capital Acquisition Debt-to-Equity Related Terms

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

Alset Capital Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alset Capital Acquisition Corp (NAS:ACAXU) » Definitions » Debt-to-Equity
Comparable Companies
AQU MTRY PCCT HUDA BREZ DHAC KACL TGVC DMAQ AOGO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Website
https://www.alsetcapitalacquisition.com
Alset Capital Acquisition Corp is a newly organized blank check company 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
Yakira Capital Management, Inc. 10 percent owner 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Hudson Bay Capital Management Lp 10 percent owner 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber 10 percent owner C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Chan Heng Fai Ambrose director, 10 percent owner, officer: Chairman and CEO 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Wu William Wai Leung director C/O DOCUMENT SECURITY SYSTEMS, INC., 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14624
Tat Keung Wong director 4800 MONTGOMERY LANE SUITE 210, BETHESDA MD 20814
Shui Yeung Wong director 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814
Rongguo Wei officer: Chief Financial Officer 4800 MONTGOMERY LN #210, BETHESDA MD 20814
Alset Acquisition Sponsor, Llc 10 percent owner 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814