GigCapital3 (GigCapital3) Debt-to-Equity : 5.26 (As of Jan. 2020)

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What is GigCapital3 Debt-to-Equity?

GigCapital3's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2020 was $0.10 Mil. GigCapital3's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2020 was $0.00 Mil. GigCapital3's Total Stockholders Equity for the quarter that ended in Jan. 2020 was $0.02 Mil. GigCapital3's debt to equity for the quarter that ended in Jan. 2020 was 5.26.

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 GigCapital3's Debt-to-Equity or its related term are showing as below:

GIK.U's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.115
* Ranked among companies with meaningful Debt-to-Equity only.

GigCapital3 Debt-to-Equity Historical Data

The historical data trend for GigCapital3'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.

GigCapital3 Debt-to-Equity Chart

GigCapital3 Annual Data

Trend

Dec20

Debt-to-Equity

GigCapital3 Semi-Annual Data
	Jan20
Debt-to-Equity	5.26

Competitive Comparison of GigCapital3's Debt-to-Equity

For the Shell Companies subindustry, GigCapital3'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.

GigCapital3's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GigCapital3's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GigCapital3's Debt-to-Equity falls into.

GigCapital3 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GigCapital3's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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)	/	193.498
	=	0.00

GigCapital3's Debt to Equity Ratio for the quarter that ended in Jan. 2020 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
	=	(0.1	+	0)	/	0.019
	=	5.26

GigCapital3 (NYSE:GIK.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.

GigCapital3 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GigCapital3's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GigCapital3 (GigCapital3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GigCapital3 Inc (NYSE:GIK.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1731 Embarcadero Road, Suite 200, Palo Alto, CA, USA, 94303

Website

https://www.gigcapitalglobal.com

GigCapital3 Inc is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Avi S Katz	director, 10 percent owner	C/O GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Gigacquisitions3, Llc	10 percent owner	1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Peter S Wang	director	GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Walter Bradford Weightman	officer: Vice President & CFO	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD, SUITE 200, PALO ALTO CA 94303
Andrea Betti-berutto	director	C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
John J Mikulsky	director	C/O KALEYRA, INC., 1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303
Neil Miotto	director	2146 HARKINS AVE, MENLO PARK CA 94025
Raluca Dinu	director	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303