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Compass Digital Acquisition (Compass Digital Acquisition) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Compass Digital Acquisition Debt-to-Equity?

Compass Digital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.13 Mil. Compass Digital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Compass Digital Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $54.07 Mil. Compass Digital Acquisition's debt to equity for the quarter that ended in Mar. 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 Compass Digital Acquisition's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Compass Digital Acquisition was 13.00. The lowest was 0.00. And the median was 0.00.

CDAQU's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.12
* Ranked among companies with meaningful Debt-to-Equity only.

Compass Digital Acquisition Debt-to-Equity Historical Data

The historical data trend for Compass Digital 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.

Compass Digital Acquisition Debt-to-Equity Chart

Compass Digital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - -

Compass Digital Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Compass Digital Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Compass Digital 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.

Compass Digital Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Compass Digital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Compass Digital 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
=(0.125 + 0) / 53.978
=0.00

Compass Digital Acquisition's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(0.125 + 0) / 54.07
=0.00

* 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.

Compass Digital Acquisition  (NAS:CDAQU) 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.

Compass Digital Acquisition Debt-to-Equity Related Terms

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Compass Digital Acquisition (Compass Digital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Compass Digital Acquisition Corp (NAS:CDAQU) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
CDAQ:USA
Address
3626 N Hall Street, Suite 910, Dallas, TX, USA, 75219
Website
https://www.compassdigitalspac.com
Compass Digital Acquisition Corp is a blank check company.