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Genesis Unicorn Capital (Genesis Unicorn Capital) Debt-to-Equity : 0.03 (As of Mar. 2023)


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What is Genesis Unicorn Capital Debt-to-Equity?

Genesis Unicorn Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $1.30 Mil. Genesis Unicorn Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. Genesis Unicorn Capital's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $51.92 Mil. Genesis Unicorn Capital's debt to equity for the quarter that ended in Mar. 2023 was 0.03.

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 Genesis Unicorn Capital's Debt-to-Equity or its related term are showing as below:

GENQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 6.83   Max: 21.75
Current: 0.03

During the past 2 years, the highest Debt-to-Equity Ratio of Genesis Unicorn Capital was 21.75. The lowest was 0.00. And the median was 6.83.

GENQ's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs GENQ: 0.03

Genesis Unicorn Capital Debt-to-Equity Historical Data

The historical data trend for Genesis Unicorn Capital'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.

Genesis Unicorn Capital Debt-to-Equity Chart

Genesis Unicorn Capital Annual Data
Trend Dec21 Dec22
Debt-to-Equity
21.75 -

Genesis Unicorn Capital Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only - - - - 0.03

Competitive Comparison of Genesis Unicorn Capital's Debt-to-Equity

For the Shell Companies subindustry, Genesis Unicorn Capital'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.

Genesis Unicorn Capital's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Genesis Unicorn Capital's Debt-to-Equity falls into.


Genesis Unicorn Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genesis Unicorn Capital'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
=(0.25 + 0) / 85.137
=0.00

Genesis Unicorn Capital's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(1.3 + 0) / 51.923
=0.03

* 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.

Genesis Unicorn Capital  (NAS:GENQ) 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.

Genesis Unicorn Capital Debt-to-Equity Related Terms

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

Genesis Unicorn Capital (Genesis Unicorn Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Genesis Unicorn Capital Corp (NAS:GENQ) » Definitions » Debt-to-Equity
Comparable Companies
AIB DUET ACAX BRAC MSAC LAX FVAM BWAC PCX GDNR GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
281 Witherspoon Stree, Suite 120, Princeton, NJ, USA, 08540
Website
Genesis Unicorn Capital Corp is a blank check company.
Executives
Adeoye Y Olukotun officer: Chief Executive Officer 3621 SOUTH STATE ST, 695 KMS PL, ANN ARBOR MI 48108
Grainne M Coen director 111 WEST 28TH STREET, NEW YORK NY 10001
Teck-yong Heng director NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Juan Fernandez Pascual officer: Chief Operating Officer URBANIZATION LA SIERRA, 28 39110, SOTO DE LA MARINA U3 87670
Chung Fan Cheng director 16G, TOWER 1, TWIN PEAKS, 9 CHI SHIN STREET, TSEUNG KWAN O K3 00000
Samuel Lui director, 10 percent owner, officer: Chairman, President, CFO 7/F UNIT B, TOWER 5,RESIDENCE BEL-AIR, PHASE 1, 28 BEL-AIR AVENUE, POKFULAM K3 00000
Ernest Fong director 80 RAFFLES PLACE, # 37-02, UOB, PLAZA 1, S048624 U0 069541
Niel Starksen officer: Chief Scientific Officer 12119 EDGECLIFF PLACE, LOS ALTOS HILLS CA 94022
Genesis Unicorn Capital, Llc 10 percent owner 281 WITHERSPOON STREET, SUITE 120, PRINCETON NJ 08540