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Murphy Canyon Acquisition (Murphy Canyon Acquisition) Debt-to-Equity : 0.04 (As of Jun. 2023)


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What is Murphy Canyon Acquisition Debt-to-Equity?

Murphy Canyon Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.75 Mil. Murphy Canyon Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Murphy Canyon Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $17.04 Mil. Murphy Canyon Acquisition's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

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

MURF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 3.41
Current: 0.04

During the past 2 years, the highest Debt-to-Equity Ratio of Murphy Canyon Acquisition was 3.41. The lowest was 0.02. And the median was 0.04.

MURF's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs MURF: 0.04

Murphy Canyon Acquisition Debt-to-Equity Historical Data

The historical data trend for Murphy Canyon 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.

Murphy Canyon Acquisition Debt-to-Equity Chart

Murphy Canyon Acquisition Annual Data
Trend Dec21 Dec22
Debt-to-Equity
8.43 -

Murphy Canyon Acquisition Quarterly Data
Nov21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity Get a 7-Day Free Trial - - - 0.02 0.04

Competitive Comparison of Murphy Canyon Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Murphy Canyon 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.

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

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

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


Murphy Canyon Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Murphy Canyon 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) / 132.471
=0.00

Murphy Canyon 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
=(0.75 + 0) / 17.039
=0.04

* 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.

Murphy Canyon Acquisition  (NAS:MURF) 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.

Murphy Canyon Acquisition Debt-to-Equity Related Terms

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

Murphy Canyon Acquisition (Murphy Canyon Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Murphy Canyon Acquisition Corp (NAS:MURF) » Definitions » Debt-to-Equity
Comparable Companies
LJAQ ITAQ APCA JATT MEPW OMEG FLAC GSQB IBER PRBM GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
4995 Murphy Canyon Road, Suite 300, San Diego, CA, USA, 92123
Website
https://www.murphycanyonac.com
Murphy Canyon Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Knuettel Ii Francis director 205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Adam Sragovicz director, officer: CFO and Treasurer 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Jack Kendrick Heilbron director, officer: CEO, President, and Chairman 16433 BRONCO LANE, POWAY CA 92064
Bentzen Edwin H Iv officer: Chief Accounting Officer 2513 BIRCH HOLLOW ST, HENDERSON NV 89044
Chele Chiavacci Farley director 4 RIDGE ROAD, TUXEDO PARK NY 10987
Richard Edward Feinberg director 2855 FIFTH AVENUE, UNIT 405, SAN DIEGO CA 92103
Murphy Canyon Acquisition Sponsor, Llc 10 percent owner 4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123