Fat Projects Acquisition (Fat Projects Acquisition) Debt-to-Equity : -0.37 (As of Jun. 2023)

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What is Fat Projects Acquisition Debt-to-Equity?

Fat Projects Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.79 Mil. Fat Projects Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Fat Projects Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-2.14 Mil. Fat Projects Acquisition's debt to equity for the quarter that ended in Jun. 2023 was -0.37.

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

FATP' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.56 Med: -0.18 Max: 0.01
Current: -0.37

During the past 2 years, the highest Debt-to-Equity Ratio of Fat Projects Acquisition was 0.01. The lowest was -5.56. And the median was -0.18.

FATP's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs FATP: -0.37

Fat Projects Acquisition Debt-to-Equity Historical Data

The historical data trend for Fat Projects 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.

Fat Projects Acquisition Debt-to-Equity Chart

Fat Projects Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

Fat Projects Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	0.01	-0.37

Competitive Comparison of Fat Projects Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Fat Projects 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.

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

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

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

Fat Projects Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fat Projects 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
	=	(0.09	+	0)	/	111.193
	=	0.00

Fat Projects Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.788	+	0)	/	-2.144
	=	-0.37

Fat Projects Acquisition (NAS:FATP) 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.

Fat Projects Acquisition Debt-to-Equity Related Terms

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

Fat Projects Acquisition (Fat Projects Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Bukit Manis Road, Sentosa Golf Club, Singapore, SGP, 099892

Website

https://www.fatprojectscorp.com

Fat Projects Acquisition Corp is a blank check company.

Executives

David E Shaw	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw Valence Portfolios, L.l.c.	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Aqr Capital Management Holdings, Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Fat Projects International Investments & Holdings Ltd	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Aqr Capital Management Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Arbitrage Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Fat Projects Spac Pte. Ltd.	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Stan Sugarman	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tristan Lo	director, 10 percent owner, officer: Co-Chief Executive Officer	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tina Wyer	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Nils Michaelis	officer: President, COO, Head of M&A	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Samir Addamine	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892