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International Media Acquisition (International Media Acquisition) Debt-to-Equity : 0.35 (As of Sep. 2023)


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What is International Media Acquisition Debt-to-Equity?

International Media Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.97 Mil. International Media Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. International Media Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.47 Mil. International Media Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.35.

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

IMAQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.19   Max: 17.57
Current: 0.35

During the past 3 years, the highest Debt-to-Equity Ratio of International Media Acquisition was 17.57. The lowest was 0.00. And the median was 0.19.

IMAQ's Debt-to-Equity is ranked worse than
78.32% of 309 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs IMAQ: 0.35

International Media Acquisition Debt-to-Equity Historical Data

The historical data trend for International Media 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.

International Media Acquisition Debt-to-Equity Chart

International Media Acquisition Annual Data
Trend Dec21 Mar22 Mar23
Debt-to-Equity
- - 0.23

International Media Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.08 0.15 0.23 0.28 0.35

Competitive Comparison of International Media Acquisition's Debt-to-Equity

For the Shell Companies subindustry, International Media 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.

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

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

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


International Media Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Media Acquisition's Debt to Equity Ratio for the fiscal year 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
=(2.126 + 0) / 9.231
=0.23

International Media Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(2.966 + 0) / 8.469
=0.35

* 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.

International Media Acquisition  (NAS:IMAQ) 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.

International Media Acquisition Debt-to-Equity Related Terms

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

International Media Acquisition (International Media Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » International Media Acquisition Corp (NAS:IMAQ) » Definitions » Debt-to-Equity
Comparable Companies
VII MSSA FSRX ATMC PMGM LATG ADEX CNGL ATMV TENK PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1604 US Highway 130, North Brunswick, NJ, USA, 08902
Website
https://www.imac.org.in/home/default.aspx
International Media Acquisition Corp is a blank check company.
Executives
Klaas P. Baks director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Pelosi Paul Francis Jr director 2269 CHESTNUT STREET, SAN FRANCISCO CA 94123
Gregory R. Silverman director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
David M. Taghioff director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Suresh Ramamurthi director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Shibasish Sarkar director, 10 percent owner, officer: Chief Executive Officer 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Vishwas Joshi officer: Chief Financial Officer 1604 HWY 130, NORTH BRUNSWICK NY 08902
Sanjay Wadhwa director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Deepak Nayar director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Content Creation Media Llc 10 percent owner 1604 HWY 130, NORTH BRUNSWICK NJ 08902