GBRGU (Goldenbridge Acquisition) Debt-to-Equity : 0.09 (As of Dec. 2022)

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What is Goldenbridge Acquisition Debt-to-Equity?

Goldenbridge Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $1.33 Mil. Goldenbridge Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil. Goldenbridge Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $14.58 Mil. Goldenbridge Acquisition's debt to equity for the quarter that ended in Dec. 2022 was 0.09.

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

GBRGU' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.7 Med: 0.01 Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Goldenbridge Acquisition was 0.09. The lowest was -1.70. And the median was 0.01.

GBRGU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.16 vs GBRGU: 0.09

Goldenbridge Acquisition Debt-to-Equity Historical Data

The historical data trend for Goldenbridge 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.

Goldenbridge Acquisition Debt-to-Equity Chart

Goldenbridge Acquisition Annual Data

Trend

Jun20

Jun21

Jun22

Debt-to-Equity

0.01

Goldenbridge Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial					-	0.01	0.01	0.02	0.09

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

For the Shell Companies subindustry, Goldenbridge 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.

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

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

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

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Goldenbridge Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldenbridge Acquisition's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.575	+	0)	/	55.348
	=	0.01

Goldenbridge 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
	=	(1.325	+	0)	/	14.58
	=	0.09

Goldenbridge Acquisition (NAS:GBRGU) 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.

Goldenbridge Acquisition Debt-to-Equity Related Terms

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

Goldenbridge Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Goldenbridge Acquisition Ltd (NAS:GBRGU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

171-172 Gloucester Road, 15th Floor, Aubin House, Wanchai, Hong Kong, HKG

Website

Goldenbridge Acquisition Ltd is a blank check company.

Executives

Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jining Li	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE RD, WANCHAI, HONG KONG F4 00000
Yanhong Xue	officer: Chief Financial Officer	ROOM 801, PLAZA B, YONGHE BUILDING,, NO.28 ANDINGMEN EAST STREET, DONGCHENG D, BEIJING F4 100007
Kinpui Choi	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Yongsheng Liu	director, officer: Chief Executive Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, N0. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Ray Lei Chen	officer: Chief Operating Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Claude P. Franco	director	C/O GOLDENBRIDGE ACQUISITION LIMITED, 15/F, AUBIN HOUSE, 171-172 GLOUCESTER RD, WANCHAI K3 00000
Michael E. Chen	director	75 PASTURES LANE, NEW CANAAN CT 06840