Kingswood Acquisition (Kingswood Acquisition) Debt-to-Equity : -0.28 (As of Sep. 2023)

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What is Kingswood Acquisition Debt-to-Equity?

Kingswood Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.41 Mil. Kingswood Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Kingswood Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-5.09 Mil. Kingswood Acquisition's debt to equity for the quarter that ended in Sep. 2023 was -0.28.

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

KWAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.33 Med: -0.28 Max: 0.11
Current: -0.28

During the past 3 years, the highest Debt-to-Equity Ratio of Kingswood Acquisition was 0.11. The lowest was -0.33. And the median was -0.28.

KWAC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs KWAC: -0.28

Kingswood Acquisition Debt-to-Equity Historical Data

The historical data trend for Kingswood 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.

Kingswood Acquisition Debt-to-Equity Chart

Kingswood Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-0.33

Kingswood Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.11	-0.33	-0.32	-0.29	-0.28

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

For the Shell Companies subindustry, Kingswood 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.

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

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

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

Kingswood Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingswood Acquisition'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
	=	(1.352	+	0)	/	-4.08
	=	-0.33

Kingswood 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
	=	(1.41	+	0)	/	-5.087
	=	-0.28

Kingswood Acquisition (OTCPK:KWAC) 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.

Kingswood Acquisition Debt-to-Equity Related Terms

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Kingswood Acquisition (Kingswood Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kingswood Acquisition Corp (OTCPK:KWAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KWACU:USA

Address

17 Battery Place, Room 625, New York, NY, USA, 10004

Website

https://www.kingswoodacquisition.com

Kingswood Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeremy Wilder	director	21 ELMRIDGE, SCARSDALE NY 10583
Gary Wilder	director, 10 percent owner, other: Executive Chairman	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Caroline O'connell	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
David Hudd	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Jonathan Massing	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Michael Nessim	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Ralph Lawrence Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Lisa Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Kingswood Global Sponsor Llc	10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Howard Garland	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004