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Monterey Innovation Acquisition (Monterey Innovation Acquisition) Debt-to-Equity : 0.10 (As of Jun. 2023)


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What is Monterey Innovation Acquisition Debt-to-Equity?

Monterey Innovation Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.92 Mil. Monterey Innovation Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Monterey Innovation Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $19.44 Mil. Monterey Innovation Acquisition's debt to equity for the quarter that ended in Jun. 2023 was 0.10.

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

MTRYW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 3.17   Max: 7.29
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of Monterey Innovation Acquisition was 7.29. The lowest was 0.06. And the median was 3.17.

MTRYW's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs MTRYW: 0.10

Monterey Innovation Acquisition Debt-to-Equity Historical Data

The historical data trend for Monterey Innovation 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.

Monterey Innovation Acquisition Debt-to-Equity Chart

Monterey Innovation Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
- - -

Monterey Innovation Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 0.06 0.10

Competitive Comparison of Monterey Innovation Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Monterey Innovation 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.

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

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

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


Monterey Innovation Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Monterey Innovation 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
=(0 + 0) / 19.74
=0.00

Monterey Innovation Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(1.92 + 0) / 19.437
=0.10

* 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.

Monterey Innovation Acquisition  (NAS:MTRYW) 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.

Monterey Innovation Acquisition Debt-to-Equity Related Terms

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Monterey Innovation Acquisition (Monterey Innovation Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monterey Innovation Acquisition Corp (NAS:MTRYW) » Definitions » Debt-to-Equity
Comparable Companies
PCCT ACAX AQU DHAC HUDA BREZ KACL DMAQ CLRC QOMO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
17 State Street, Suite 2130, 21st Floor, New York, NY, USA, 10004
Website
https://www.montereyinnovation.com
Monterey Innovation Acquisition Corp is a blank check company.