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DMYY (dMY Squared Technology Group) Debt-to-Equity : 0.09 (As of Dec. 2024)


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What is dMY Squared Technology Group Debt-to-Equity?

dMY Squared Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.64 Mil. dMY Squared Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.95 Mil. dMY Squared Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $18.64 Mil. dMY Squared Technology Group's debt to equity for the quarter that ended in Dec. 2024 was 0.09.

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 dMY Squared Technology Group's Debt-to-Equity or its related term are showing as below:

DMYY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.02   Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of dMY Squared Technology Group was 0.09. The lowest was 0.02. And the median was 0.02.

DMYY's Debt-to-Equity is ranked better than
73.66% of 224 companies
in the Diversified Financial Services industry
Industry Median: 0.16 vs DMYY: 0.09

dMY Squared Technology Group Debt-to-Equity Historical Data

The historical data trend for dMY Squared Technology Group'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.

dMY Squared Technology Group Debt-to-Equity Chart

dMY Squared Technology Group Annual Data
Trend Dec22 Dec23 Dec24
Debt-to-Equity
0.02 0.02 0.09

dMY Squared Technology Group Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.02 0.06 0.07 0.08 0.09

Competitive Comparison of dMY Squared Technology Group's Debt-to-Equity

For the Shell Companies subindustry, dMY Squared Technology Group'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.

dMY Squared Technology Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, dMY Squared Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where dMY Squared Technology Group's Debt-to-Equity falls into.


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dMY Squared Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

dMY Squared Technology Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.642 + 0.948) / 18.641
=0.09

dMY Squared Technology Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(0.642 + 0.948) / 18.641
=0.09

* 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.

dMY Squared Technology Group  (AMEX:DMYY) 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.

dMY Squared Technology Group Debt-to-Equity Related Terms

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

dMY Squared Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » dMY Squared Technology Group Inc (AMEX:DMYY) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
F6U:Germany
Address
80 North Town Center Drive, Suite 100, Las Vegas, NV, USA, 89144
Website
https://www.dmytechnology.com
dMY Squared Technology Group Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Francesca Luthi director 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Weaver Constance K director 2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Charles Wert director 200 PARK AVENUE, NEW YORK NY 10166
Darla Anderson director C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Masi Niccolo De director, officer: Co-Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Dmy Squared Sponsor, Llc 10 percent owner 1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS NV 89144