Chenghe Acquisition Co (Chenghe Acquisition Co) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Chenghe Acquisition Co Debt-to-Equity?

Chenghe Acquisition Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.10 Mil. Chenghe Acquisition Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Chenghe Acquisition Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $85.46 Mil. Chenghe Acquisition Co's debt to equity for the quarter that ended in Sep. 2023 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 Chenghe Acquisition Co's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of Chenghe Acquisition Co was 19.62. The lowest was 0.00. And the median was 14.77.

CHEA's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Chenghe Acquisition Co Debt-to-Equity Historical Data

The historical data trend for Chenghe Acquisition Co'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.

Chenghe Acquisition Co Debt-to-Equity Chart

Chenghe Acquisition Co Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

14.77

Chenghe Acquisition Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Chenghe Acquisition Co's Debt-to-Equity

For the Shell Companies subindustry, Chenghe Acquisition Co'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.

Chenghe Acquisition Co's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Chenghe Acquisition Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chenghe Acquisition Co'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)	/	116.536
	=	0.00

Chenghe Acquisition Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.1	+	0)	/	85.458
	=	0.00

Chenghe Acquisition Co (NAS:CHEA) 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.

Chenghe Acquisition Co Debt-to-Equity Related Terms

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Chenghe Acquisition Co (Chenghe Acquisition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chenghe Acquisition Co (NAS:CHEA) » Definitions » Debt-to-Equity

Comparable Companies

HCMA ALCY HHLA LHC MBAC NSTC VCXB BCSA LCW GAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

38 Beach Road No.29-11, South Beach Tower, Singapore, SGP, 189767

Website

Chenghe Acquisition Co is a newly incorporated blank check formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.

Executives

Robert D Ewing	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Qi Li	director, 10 percent owner	C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Chenghe Investment Co.	director, 10 percent owner	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Zhiyang Zhou	officer: Chief Financial Officer	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Shibin Wang	director, officer: Chief Executive Officer	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Kwan Sun	director	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 999077
Ning Ma	director	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 999077

Chenghe Acquisition Co (Chenghe Acquisition Co) Headlines

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