IFIN (Infint Acquisition) Debt-to-Equity : 0.02 (As of Jun. 2024)

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What is Infint Acquisition Debt-to-Equity?

Infint Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.64 Mil. Infint Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Infint Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $44.05 Mil. Infint Acquisition's debt to equity for the quarter that ended in Jun. 2024 was 0.01.

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

IFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: -37.8 Med: 0 Max: 0.02
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Infint Acquisition was 0.02. The lowest was -37.80. And the median was 0.00.

IFIN's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.16 vs IFIN: 0.02

Infint Acquisition Debt-to-Equity Historical Data

The historical data trend for Infint 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.

Infint Acquisition Debt-to-Equity Chart

Infint Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

Infint Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	0.01	0.02

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

For the Shell Companies subindustry, Infint 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.

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

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

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

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Infint Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Infint Acquisition'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
	=	(0.325	+	0)	/	73.007
	=	0.00

Infint Acquisition'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
	=	(0.641	+	0)	/	44.045
	=	0.01

Infint Acquisition (NYSE:IFIN) 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.

Infint Acquisition Debt-to-Equity Related Terms

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

Infint Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Infint Acquisition Corp (NYSE:IFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Broadway, Suite 401, New York, NY, USA, 10004

Website

https://www.infintspac.com

Infint Acquisition Corp is a blank check company.

Executives

Wolverine Asset Management Llc	10 percent owner	175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Taconic Capital Advisors Lp	10 percent owner	280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Frank Brosens	10 percent owner	C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp	10 percent owner	55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Andrey Novikov	director	19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
Kevin Chen	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Sheldon Brickman	officer: Chief Financial Officer	1452 EAST 21ST STREET, BROOKLYN NY 11210
Jing Huang	director	47 JAMES RD, MT KISCO NY 10549
Michael Moradzadeh	director	800 OAK GROVE AVENUE, SUITE 250, MENLO PARK CA 94025
Alexander Edgarov	director, 10 percent owner, officer: Chief Executive Officer	32 BROADWAY, SUITE 401, NEW YORK NY 10004
Dave Cameron	director	3738 FLORAMAR TERRACE, NEW PORT RICHEY FL 34652
Infint Capital Llc	10 percent owner	32 BROADWAY, SUITE 401, NEW YORK NY 10004
Eric David Weinstein	director	7 PINEWOOD CIRCLE, WHITE PLAINS NY 10603