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Prime Impact Acquisition I (Prime Impact Acquisition I) Debt-to-Equity : 0.08 (As of Jun. 2023)


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What is Prime Impact Acquisition I Debt-to-Equity?

Prime Impact Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.51 Mil. Prime Impact Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Prime Impact Acquisition I's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $42.37 Mil. Prime Impact Acquisition I's debt to equity for the quarter that ended in Jun. 2023 was 0.08.

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

PRIUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.05   Max: 0.08
Current: 0.08

During the past 3 years, the highest Debt-to-Equity Ratio of Prime Impact Acquisition I was 0.08. The lowest was 0.02. And the median was 0.05.

PRIUF's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.115 vs PRIUF: 0.08

Prime Impact Acquisition I Debt-to-Equity Historical Data

The historical data trend for Prime Impact 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.

Prime Impact Acquisition I Debt-to-Equity Chart

Prime Impact Acquisition I Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
- - 0.02

Prime Impact Acquisition I Quarterly Data
Jul20 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 Premium Member Only - 0.02 0.02 0.07 0.08

Competitive Comparison of Prime Impact Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Prime Impact 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.

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

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

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


Prime Impact Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prime Impact 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
=(1.461 + 0) / 66.116
=0.02

Prime Impact Acquisition I'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
=(3.508 + 0) / 42.368
=0.08

* 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.

Prime Impact Acquisition I  (OTCPK:PRIUF) 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.

Prime Impact Acquisition I Debt-to-Equity Related Terms

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

Prime Impact Acquisition I (Prime Impact Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Prime Impact Acquisition I (OTCPK:PRIUF) » Definitions » Debt-to-Equity
Comparable Companies
FACA CLAA GMBT PRSR FOUN GATE PFDR HCAR PSAG MUDS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
123 East San Carlos Street, Suite 12, San Jose, CA, USA, 95112
Website
https://www.primeimpactcapital.com
Prime Impact Acquisition I is a blank check company.
Executives
Frank Brosens 10 percent owner C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp 10 percent owner 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors Lp 10 percent owner 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors (hong Kong) Ltd 10 percent owner UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
Michael D Cordano officer: Co-Chief Executive Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Mark P Long director, officer: Co-Chief Exec. Officer and CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Cathleen A Benko director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Dixon Doll director 2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Keyur A Patel director
Joanna A Strober director C/O SYMPHONY TECHNOLOGY GROUP, 4015 MIRANDA AVENUE, SECOND FLOOR, PALO ALTO CA 94304
Prime Impact Cayman, Llc 10 percent owner 360 S MARKET STREET, #2202, SAN JOSE CA 95113
Roger Crockett director 123 E. SAN CARLOS STREET, SUITE 12, SAN JOSE CA 95113