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PROOF Acquisition I (PROOF Acquisition I) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is PROOF Acquisition I Debt-to-Equity?

PROOF Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. PROOF Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. PROOF Acquisition I's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $64.86 Mil. PROOF Acquisition I's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

During the past 2 years, the highest Debt-to-Equity Ratio of PROOF Acquisition I was 4.58. The lowest was 4.58. And the median was 4.58.

PACI.WS's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

PROOF Acquisition I Debt-to-Equity Historical Data

The historical data trend for PROOF Acquisition I'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.

PROOF Acquisition I Debt-to-Equity Chart

PROOF Acquisition I Annual Data
Trend Dec21 Dec22
Debt-to-Equity
- -

PROOF Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

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

For the Shell Companies subindustry, PROOF Acquisition I'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.

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

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

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


PROOF Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PROOF Acquisition I'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) / 286.486
=0.00

PROOF Acquisition I'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
=(0 + 0) / 64.856
=0.00

* 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.

PROOF Acquisition I  (NYSE:PACI.WS) 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.

PROOF Acquisition I Debt-to-Equity Related Terms

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

PROOF Acquisition I (PROOF Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PROOF Acquisition Corp I (NYSE:PACI.WS) » Definitions » Debt-to-Equity
Comparable Companies
TLGY PLMI LCA IRAA WNNR KRNL NSTD SAMA ROSS ESHA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
11911 Freedom Drive, Suite 1080, Reston, VA, USA, 20190
Website
PROOF Acquisition Corp I I is a newly-formed blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.