CCIX (Churchill Capital IX) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Churchill Capital IX Debt-to-Equity?

Churchill Capital IX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Churchill Capital IX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Churchill Capital IX's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $285.70 Mil. Churchill Capital IX's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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

During the past 1 years, the highest Debt-to-Equity Ratio of Churchill Capital IX was -11.61. The lowest was -11.61. And the median was -11.61.

CCIX's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.16
* Ranked among companies with meaningful Debt-to-Equity only.

Churchill Capital IX Debt-to-Equity Historical Data

The historical data trend for Churchill Capital IX'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.

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Churchill Capital IX Debt-to-Equity Chart

Churchill Capital IX Annual Data

Trend

Dec23

Debt-to-Equity

6.33

Churchill Capital IX Quarterly Data
	Mar24	Jun24	Sep24
Debt-to-Equity	-11.61	-	-

Competitive Comparison of Churchill Capital IX's Debt-to-Equity

For the Shell Companies subindustry, Churchill Capital IX'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.

Churchill Capital IX's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

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Churchill Capital IX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Churchill Capital IX'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
	=	(0.038	+	0)	/	0.006
	=	6.33

Churchill Capital IX's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	0)	/	285.696
	=	0.00

Churchill Capital IX (NAS:CCIX) 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.

Churchill Capital IX Debt-to-Equity Related Terms

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