Leo Holdings II (Leo Holdings II) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is Leo Holdings II Debt-to-Equity?

Leo Holdings II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.16 Mil. Leo Holdings II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Leo Holdings II's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $32.49 Mil. Leo Holdings II's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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 Leo Holdings II's Debt-to-Equity or its related term are showing as below:

LHC.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 1.85
Current: 0.07

During the past 3 years, the highest Debt-to-Equity Ratio of Leo Holdings II was 1.85. The lowest was 0.02. And the median was 0.06.

LHC.U's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs LHC.U: 0.07

Leo Holdings II Debt-to-Equity Historical Data

The historical data trend for Leo Holdings II'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.

Leo Holdings II Debt-to-Equity Chart

Leo Holdings II Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-18.00

Leo Holdings II Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.02	0.05	0.07

Competitive Comparison of Leo Holdings II's Debt-to-Equity

For the Shell Companies subindustry, Leo Holdings II'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.

Leo Holdings II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Leo Holdings II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leo Holdings II'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
	=	(0	+	0)	/	366.311
	=	0.00

Leo Holdings II'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
	=	(2.16	+	0)	/	32.492
	=	0.07

Leo Holdings II (NYSE:LHC.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.

Leo Holdings II Debt-to-Equity Related Terms

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

Leo Holdings II (Leo Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Leo Holdings Corp II (NYSE:LHC.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Ocean Boulevard, Albany Financial Center, Suite 507, P.O. Box SP-63158, New Providence, Nassau, BHS, 90401

Website

Leo Holdings Corp II is a blank check company.

Executives

Boothbay Fund Management, Llc	10 percent owner	140 EAST 45TH STREET, 14TH FLOOR, NEW YORK NY 10017
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mark Masinter	director	C/O LEO HOLDINGS, 100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401
Mary E Minnick	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Lori H Bush	director	NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601
Lyndon Lea	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Robert Darwent	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Leo Investors Ii Limited Partnership	10 percent owner	100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401
Naveen Agarwal	director	C/O LEO HOLDINGS, 100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401

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