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MCAA (Mountain I Acquisition) Debt-to-Equity : 0.06 (As of Mar. 2024)


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What is Mountain I Acquisition Debt-to-Equity?

Mountain I Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.05 Mil. Mountain I Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Mountain I Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $79.63 Mil. Mountain I Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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

MCAA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 6.61
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Mountain I Acquisition was 6.61. The lowest was 0.00. And the median was 0.01.

MCAA's Debt-to-Equity is ranked better than
81.92% of 271 companies
in the Diversified Financial Services industry
Industry Median: 0.15 vs MCAA: 0.06

Mountain I Acquisition Debt-to-Equity Historical Data

The historical data trend for Mountain I 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.

Mountain I Acquisition Debt-to-Equity Chart

Mountain I Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.03

Mountain I Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.02 0.03 0.03 0.06

Competitive Comparison of Mountain I Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Mountain I 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.

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

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

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


Mountain I Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mountain I 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
=(3.778 + 0) / 115.088
=0.03

Mountain I Acquisition's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(5.047 + 0) / 79.628
=0.06

* 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.

Mountain I Acquisition  (NAS:MCAA) 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.

Mountain I Acquisition Debt-to-Equity Related Terms

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

Mountain I Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mountain & Co I Acquisition Corp (NAS:MCAA) » Definitions » Debt-to-Equity
Comparable Companies
PPYA NFYS KVAC RCFA CFFS PHYT ISRL XPDB PRPC BRKH PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4001 Kennett Pike, Suite 302, Wilmington, DE, USA, 19807
Website
https://www.mountain-spac.com
Mountain & Co I Acquisition Corp is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Executives
Thomas Middelhoff officer: Chief Strategy Officer INVESTCORP INTERNATIONAL LTD, 48 GROSVENOR STREET, LONDON UNITED KINGDOM X0 00000
Wenzel Daniel S.c. officer: Chief Investment Officer ZINISTRASSE 11, Z?RICH V8 CH-8004
Boersch Cornelius director, 10 percent owner, officer: Chief Executive Officer BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Miles R Gilburne director BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Alexander Hornung officer: Chief Financial Officer BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Mountain & Co. I Sponsor Llc 10 percent owner UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Winston Ma director BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Philipp Rosler director BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Utz Claassen director, officer: Chief Operating Officer BOUNDARY HALL, PO BOX 1093, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102