PHP Ventures Acquisition (PHP Ventures Acquisition) Debt-to-Equity : 1.35 (As of Sep. 2023)

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What is PHP Ventures Acquisition Debt-to-Equity?

PHP Ventures Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.12 Mil. PHP Ventures Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. PHP Ventures Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2.31 Mil. PHP Ventures Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 1.35.

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

PPHP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.16 Max: 2.46
Current: 1.35

During the past 2 years, the highest Debt-to-Equity Ratio of PHP Ventures Acquisition was 2.46. The lowest was 0.00. And the median was 0.16.

PPHP's Debt-to-Equity is ranked worse than
89.8% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs PPHP: 1.35

PHP Ventures Acquisition Debt-to-Equity Historical Data

The historical data trend for PHP Ventures 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.

PHP Ventures Acquisition Debt-to-Equity Chart

PHP Ventures Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.14

PHP Ventures Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					0.02	0.14	0.16	0.19	1.35

Competitive Comparison of PHP Ventures Acquisition's Debt-to-Equity

For the Shell Companies subindustry, PHP Ventures 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.

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

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

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

PHP Ventures Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PHP Ventures 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
	=	(1.813	+	0)	/	13.26
	=	0.14

PHP Ventures Acquisition'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
	=	(3.12	+	0)	/	2.306
	=	1.35

PHP Ventures Acquisition (NAS:PPHP) 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.

PHP Ventures Acquisition Debt-to-Equity Related Terms

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PHP Ventures Acquisition (PHP Ventures Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PHP Ventures Acquisition Corp (NAS:PPHP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS15/4G, CT 10-06, Level 10, Corporate Tower Subang Square, Subang Jaya, SGR, MYS, 47500

Website

https://www.phpventures.com

PHP Ventures Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Garry Richard Stein	officer: Chief Financial Officer	FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Antony Gordon	director	C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067
Global Link Investment Llc	10 percent owner	25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500
Ngoh Marcus Choo Yeow	director, officer: Chief Executive Officer	CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500
Anih Donald Nnamdi Esq.	director	16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262
Phoon Khye Wang	director	29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000