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Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Debt-to-Equity : -0.73 (As of Mar. 2023)


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What is Malacca Straits Acquisition Co Debt-to-Equity?

Malacca Straits Acquisition Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $3.38 Mil. Malacca Straits Acquisition Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. Malacca Straits Acquisition Co's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-4.63 Mil. Malacca Straits Acquisition Co's debt to equity for the quarter that ended in Mar. 2023 was -0.73.

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

MLACU' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.83   Med: 0.03   Max: 10.35
Current: -0.73

During the past 3 years, the highest Debt-to-Equity Ratio of Malacca Straits Acquisition Co was 10.35. The lowest was -0.83. And the median was 0.03.

MLACU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs MLACU: -0.73

Malacca Straits Acquisition Co Debt-to-Equity Historical Data

The historical data trend for Malacca Straits Acquisition Co'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.

Malacca Straits Acquisition Co Debt-to-Equity Chart

Malacca Straits Acquisition Co Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
- 0.02 -0.83

Malacca Straits Acquisition Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.05 0.07 -0.83 -0.73

Competitive Comparison of Malacca Straits Acquisition Co's Debt-to-Equity

For the Shell Companies subindustry, Malacca Straits Acquisition Co'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.

Malacca Straits Acquisition Co's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Malacca Straits Acquisition Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Malacca Straits Acquisition Co'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
=(3.051 + 0) / -3.662
=-0.83

Malacca Straits Acquisition Co's Debt to Equity Ratio for the quarter 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
=(3.379 + 0) / -4.629
=-0.73

* 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.

Malacca Straits Acquisition Co  (NAS:MLACU) 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.

Malacca Straits Acquisition Co Debt-to-Equity Related Terms

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Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Malacca Straits Acquisition Co Ltd (NAS:MLACU) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
2 Ice House Street, Saint George’s Building, Unit 601-2, Central, Hong Kong, HKG
Website
https://www.malaccastraits.net
Malacca Straits Acquisition Co Ltd is a blank check company.
Executives
Ka Lok Wong director, 10 percent owner 7244 CARRIZO DRIVE,, LA JOLLA CA 92037
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Nomura Holdings Inc 10 percent owner 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645
Nomura Global Financial Products Inc 10 percent owner WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Eugene Ty Tan director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Ming Shu Leung director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Gordon Lo director, officer: CEO and President UNIT 601-2, ST. GEORGE'S BUILDING 2 ICE HOUSE STREET, CENTRAL K3 00000
Christian Jason Chan director C/O SECLAW GROUP, 100 CRESCENT COURT #700, DALLAS TX 75201
Malacca Straits Management Co Ltd 10 percent owner WICKHAM CAY II ROAD TOWN, TORTOLA E9 VG1110
Kenneth Ng director, 10 percent owner, officer: CEO and President 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Dwi Prasetyo Suseno director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Ping He director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000