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FTII (FutureTech II Acquisition) Debt-to-Equity : 0.00 (As of Jun. 2024)


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What is FutureTech II Acquisition Debt-to-Equity?

FutureTech II Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. FutureTech II Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. FutureTech II Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $21.38 Mil. FutureTech II Acquisition's debt to equity for the quarter that ended in Jun. 2024 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 FutureTech II Acquisition's Debt-to-Equity or its related term are showing as below:

FTII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 4.04
Current: 0.16

During the past 3 years, the highest Debt-to-Equity Ratio of FutureTech II Acquisition was 4.04. The lowest was 0.00. And the median was 0.01.

FTII's Debt-to-Equity is ranked worse than
52.03% of 271 companies
in the Diversified Financial Services industry
Industry Median: 0.15 vs FTII: 0.16

FutureTech II Acquisition Debt-to-Equity Historical Data

The historical data trend for FutureTech II 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.

FutureTech II Acquisition Debt-to-Equity Chart

FutureTech II Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
4.04 - -

FutureTech II Acquisition Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.06 - - -

Competitive Comparison of FutureTech II Acquisition's Debt-to-Equity

For the Shell Companies subindustry, FutureTech II 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.


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

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

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



FutureTech II Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FutureTech II Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

FutureTech II Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


FutureTech II Acquisition  (NAS:FTII) 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.


FutureTech II Acquisition Debt-to-Equity Related Terms

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


FutureTech II Acquisition Business Description

Traded in Other Exchanges
N/A
Address
128 Gail Drive, New Rochelle, NY, USA, 10805
Website
FutureTech II Acquisition Corp is a blank check company.
Executives
Ray Lei Chen director, officer: Chief Executive Officer & CFO FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Futuretech Partners Ii Llc 10 percent owner 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jonathan F Mckeage director C/O INFOTECH USA INC, 7 KINGSBRIDGE ROAD, FAIRFIELD NJ 07004
Neil Bush director 1675 BROADWAY, SUITE 2200, DENVER CO 80202
Aroop Zutshi director 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Yuquan Wang director, 10 percent owner, officer: Chief Executive Officer 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jeffrey Alan Moseley director 1036 LIBERTY PARK DRIVE #22, AUSTIN TX 78746
Michael William Greenall director, officer: Chief Financial Officer 42 JALAN SRI HARTAMAS 17, TAMAN SRI HARTAMAS, KUALA LUMPUR N8 50480