FTAAU (FTAC Athena Acquisition) Debt-to-Equity : 0.00 (As of Sep. 2022)

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What is FTAC Athena Acquisition Debt-to-Equity?

FTAC Athena Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.45 Mil. FTAC Athena Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. FTAC Athena Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $239.29 Mil. FTAC Athena Acquisition's debt to equity for the quarter that ended in Sep. 2022 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 FTAC Athena Acquisition's Debt-to-Equity or its related term are showing as below:

FTAAU's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

FTAC Athena Acquisition Debt-to-Equity Historical Data

The historical data trend for FTAC Athena 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.

FTAC Athena Acquisition Debt-to-Equity Chart

FTAC Athena Acquisition Annual Data

Trend

Dec20

Dec21

Debt-to-Equity

FTAC Athena Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of FTAC Athena Acquisition's Debt-to-Equity

For the Shell Companies subindustry, FTAC Athena 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.

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

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

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

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FTAC Athena Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FTAC Athena Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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)	/	231.892
	=	0.00

FTAC Athena Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.45	+	0)	/	239.288
	=	0.00

FTAC Athena Acquisition (NAS:FTAAU) 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.

FTAC Athena Acquisition Debt-to-Equity Related Terms

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

FTAC Athena Acquisition Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Athena Acquisition Corp is a blank check company.

Executives

Candice N Bednar	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Douglas Listman	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mei Mei Tuan	director	C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke	director	8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Betsy Z Cohen	director, 10 percent owner
Amanda J Abrams	10 percent owner, officer: Chief Executive Officer	1000 CONTINENTAL DRIVE, SUITE 300, KING OF PRUSSIA PA 19406
Ftac Athena Advisors, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Athena Sponsor, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jewelle Bickford	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Leah Popowich	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104