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Plutonian Acquisition (Plutonian Acquisition) Debt-to-Equity : 0.05 (As of Mar. 2024)


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What is Plutonian Acquisition Debt-to-Equity?

Plutonian Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.57 Mil. Plutonian Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Plutonian Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $31.05 Mil. Plutonian Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

PLTN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 12.5
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Plutonian Acquisition was 12.50. The lowest was 0.00. And the median was 0.05.

PLTN's Debt-to-Equity is ranked better than
73.68% of 285 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs PLTN: 0.05

Plutonian Acquisition Debt-to-Equity Historical Data

The historical data trend for Plutonian 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.

Plutonian Acquisition Debt-to-Equity Chart

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

Plutonian Acquisition Quarterly Data
Jun21 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 - - 0.02 0.03 0.05

Competitive Comparison of Plutonian Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Plutonian 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.

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

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

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


Plutonian Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plutonian 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
=(1.01 + 0) / 31.446
=0.03

Plutonian 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
=(1.57 + 0) / 31.053
=0.05

* 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.

Plutonian Acquisition  (NAS:PLTN) 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.

Plutonian Acquisition Debt-to-Equity Related Terms

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Plutonian Acquisition (Plutonian Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Plutonian Acquisition Corp (NAS:PLTN) » Definitions » Debt-to-Equity
Comparable Companies
ENCP VSAC PEPL QOMO CLRC DMAQ ARIZ KACL SMAP DUNE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1441 Broadway, 3rd, 5th and 6th Floors, New York, NY, USA, 10018
Website
Plutonian Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Executives
Weikwang Ng director, officer: Chief Executive Officer 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Ke Wang director, officer: Chief Financial Officer 1441 BROADWAY, 3RD, 5TH & 6TH FLOORS, NEW YORK NY 10018
Robert M. Annis director 1441 BROADWAY, 3RD, 5TH & 6TH FLOORS, NEW YORK NY 10018
Sze Wai Lee director 1441 BROADWAY, 3RD, 5TH & 6TH FLOORS, NEW YORK NY 10018
Plutonian Investments Llc 10 percent owner 1441 BROADWAY, 3RD, 5TH & 6TH FLOORS, NEW YORK NY 10018
Harry Harnett director 1441 BROADWAY, 3RD, 5TH & 6TH FLOORS, NEW YORK NY 10018