Evo Acquisition (Evo Acquisition) Debt-to-Equity : 0.28 (As of Dec. 2022)

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What is Evo Acquisition Debt-to-Equity?

Evo Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $1.00 Mil. Evo Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil. Evo Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $3.54 Mil. Evo Acquisition's debt to equity for the quarter that ended in Dec. 2022 was 0.28.

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 Evo Acquisition's Debt-to-Equity or its related term are showing as below:

EVOJU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 12.64 Max: 25
Current: 0.28

During the past 3 years, the highest Debt-to-Equity Ratio of Evo Acquisition was 25.00. The lowest was 0.28. And the median was 12.64.

EVOJU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs EVOJU: 0.28

Evo Acquisition Debt-to-Equity Historical Data

The historical data trend for Evo 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.

Evo Acquisition Debt-to-Equity Chart

Evo Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

25.00

0.28

Evo Acquisition Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	0.01	0.28

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

For the Shell Companies subindustry, Evo 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.

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

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

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

Evo Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Evo 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
	=	(1	+	0)	/	3.543
	=	0.28

Evo Acquisition's Debt to Equity Ratio for the quarter 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
	=	(1	+	0)	/	3.543
	=	0.28

Evo Acquisition (NAS:EVOJU) 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.

Evo Acquisition Debt-to-Equity Related Terms

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

Evo Acquisition (Evo Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Evo Acquisition Corp (NAS:EVOJU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Stateline Road, Crystal Bay, NV, USA, 89402

Website

https://www.evospac.com

Evo Acquisition Corp is a blank check company formed for the purpose of effecting an initial business combination.

Executives

Red Dawn Capital Llc	10 percent owner	2122 OXFORD AVENUE, AUSTIN TX 78704
Jason Sausto	officer: Managing Director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Maclean Malcolm F Iv	director	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Robert J Valentine	director	160 OSER AVENUE, HAUPPAUGE NY 11788
Evo Sponsor Llc	10 percent owner	11390 W. OLYMPIC BLVD SUITE 100, LOS ANGELES CA 90064
Michael Lerch	director, 10 percent owner, officer: Chairman	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Adrian Brindle	officer: Chief Financial Officer	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Kazuko Miyashita	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Richard Chisholm	director, officer: Chief Executive Officer	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Takahiro Fushimi	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Shigeo Kashiwagi	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402