GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Technology Acquisition Corp I (NAS:GTAC) » Definitions » Debt-to-Equity

GTAC (Global Technology Acquisition I) Debt-to-Equity : 0.09 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Global Technology Acquisition I Debt-to-Equity?

Global Technology Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1.72 Mil. Global Technology Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Global Technology Acquisition I's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $19.11 Mil. Global Technology Acquisition I's debt to equity for the quarter that ended in Jun. 2024 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 Global Technology Acquisition I's Debt-to-Equity or its related term are showing as below:

GTAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.86   Med: 0.01   Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Global Technology Acquisition I was 0.09. The lowest was -5.86. And the median was 0.01.

GTAC's Debt-to-Equity is ranked better than
71.59% of 271 companies
in the Diversified Financial Services industry
Industry Median: 0.15 vs GTAC: 0.09

Global Technology Acquisition I Debt-to-Equity Historical Data

The historical data trend for Global Technology Acquisition I'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.

Global Technology Acquisition I Debt-to-Equity Chart

Global Technology Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.01

Global Technology Acquisition I Quarterly Data
Feb21 Jun21 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 Premium Member Only Premium Member Only - - 0.01 0.03 0.09

Competitive Comparison of Global Technology Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Global Technology Acquisition I'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.

Global Technology Acquisition I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Global Technology Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Technology Acquisition I's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.25 + 0) / 18.332
=0.01

Global Technology Acquisition I's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
=(1.723 + 0) / 19.114
=0.09

* 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.

Global Technology Acquisition I  (NAS:GTAC) 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.

Global Technology Acquisition I Debt-to-Equity Related Terms

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

Global Technology Acquisition I Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Technology Acquisition Corp I (NAS:GTAC) » Definitions » Debt-to-Equity
Comparable Companies
RFAC ARTE HPLT GGAAF AEAE CREEF SWSS NUBI IGTA HNRA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
o/o CO Services Cayman Limited, P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, CYM, KY1-1001
Website
https://www.gtac.io
Global Technology Acquisition Corp I is a blank check company.
Executives
Ainslie Lee S Iii 10 percent owner
Maverick Long Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Long Enhanced Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Fund Usa Ltd 10 percent owner
Maverick Fund Ii Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Aleksander Baranski officer: See remarks C/O GLOBAL TECHNOLOGY ACQUISITION CORP., 19 W 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Lp 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Gp Ltd 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Juan Villalonga director 601 N FARING RD, LOS ANGELES CA 90077
Claudia Gast director, officer: CFO & Secretary C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeffrey Stewart Weinstein officer: Chief Strategy Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Fabrice Grinda director C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Arnau Porto Dolc director, officer: Chief Executive Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010