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EACPU (Edify Acquisition) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is Edify Acquisition Debt-to-Equity?

Edify Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Edify Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Edify Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $3.04 Mil. Edify Acquisition'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 Edify 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 Edify Acquisition was 1.25. The lowest was 1.25. And the median was 1.25.

EACPU'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.

Edify Acquisition Debt-to-Equity Historical Data

The historical data trend for Edify 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.

Edify Acquisition Debt-to-Equity Chart

Edify Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
6.46 - -

Edify Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Edify Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Edify 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.

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

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

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


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Edify Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Edify Acquisition'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) / 9.01
=0.00

Edify Acquisition'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 + 0) / 3.038
=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.

Edify Acquisition  (NAS:EACPU) 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.

Edify Acquisition Debt-to-Equity Related Terms

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

Edify Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Edify Acquisition Corp (NAS:EACPU) » Definitions » Debt-to-Equity
Comparable Companies
TMTC USCT PUCK ARYD AACI NRAC BHAC MOBV WRAC IPVF PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
888 7th Avenue, Floor 29, New York, NY, USA, 10106
Website
https://www.edifyacq.com
Edify Acquisition Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Ffi Fund Ltd 10 percent owner DMS HOUSE, 20 GENESIS CLOSE, GRAND CAYMAN, GEORGE TOWN E9 KY1-1208
Fyi Ltd 10 percent owner WAYSTONE CORPORATE SERVICES (CAYMAN) LTD, SUITE 5B201, 2ND FLOOR, ONE NEXUS WAY, GRAND CAYMAN E9 KY1-1108
Bracebridge Capital, Llc 10 percent owner 888 BOYLSTON STREET, SUITE 1500, BOSTON MA 02199
Olifant Fund, Ltd. 10 percent owner DMS HOUSE, 20 GENESIS CLOSE, GRAND CAYMAN, GEORGE TOWN E9 KY1-1208
Peter Ma officer: Chief Executive Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Rosamund M. Elsie-mitchell director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Ronald H. Schlosser director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Susan Wolford director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Morris Beyda officer: Chief Financial Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Colodne director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Beckman director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Colbeck Edify Holdings, Llc 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106