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FinTech Evolution Acquisition Group (FinTech Evolution Acquisition Group) Debt-to-Equity : 0.00 (As of Sep. 2022)


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What is FinTech Evolution Acquisition Group Debt-to-Equity?

FinTech Evolution Acquisition Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. FinTech Evolution Acquisition Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. FinTech Evolution Acquisition Group's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $263.86 Mil. FinTech Evolution Acquisition Group'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 FinTech Evolution Acquisition Group's Debt-to-Equity or its related term are showing as below:

FTEV.U's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.125
* Ranked among companies with meaningful Debt-to-Equity only.

FinTech Evolution Acquisition Group Debt-to-Equity Historical Data

The historical data trend for FinTech Evolution Acquisition 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.

FinTech Evolution Acquisition Group Debt-to-Equity Chart

FinTech Evolution Acquisition Group Annual Data
Trend Dec20 Dec21
Debt-to-Equity
2.24 -

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

Competitive Comparison of FinTech Evolution Acquisition Group's Debt-to-Equity

For the Shell Companies subindustry, FinTech Evolution Acquisition 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.

FinTech Evolution Acquisition Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


FinTech Evolution Acquisition Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FinTech Evolution Acquisition Group'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) / 255.972
=0.00

FinTech Evolution Acquisition Group'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 + 0) / 263.855
=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.

FinTech Evolution Acquisition Group  (NYSE:FTEV.U) 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.

FinTech Evolution Acquisition Group Debt-to-Equity Related Terms

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FinTech Evolution Acquisition Group (FinTech Evolution Acquisition Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Evolution Acquisition Group (NYSE:FTEV.U) » Definitions » Debt-to-Equity
Comparable Companies
FTPA EMLD CNDA FTCV FTVI PICC BACA ATVC EAC NVSA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, New York, NY, USA, 10105
Website
https://www.fintechevolution.net
FinTech Evolution Acquisition Group is a blank check company.
Executives
Caroline Grace director 200 E. RANDOLPH ST., CHICAGO IL 60601
Rohit Bhagat director, 10 percent owner, officer: Chief Executive Officer BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Charles G Goldman director C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Michael Arthur Latham director, 10 percent owner, officer: Chief Operating Officer 200 WEST STREET, NEW YORK NY 10282
Christopher Gaertner director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fintech Evolution Sponsor Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105