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QOMO (Qomolangma Acquisition) Debt-to-Equity : 0.22 (As of Mar. 2024)


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What is Qomolangma Acquisition Debt-to-Equity?

Qomolangma Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.94 Mil. Qomolangma Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Qomolangma Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4.34 Mil. Qomolangma Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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

QOMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.22   Max: 22.22
Current: 0.22

During the past 3 years, the highest Debt-to-Equity Ratio of Qomolangma Acquisition was 22.22. The lowest was 0.00. And the median was 0.22.

QOMO's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.16 vs QOMO: 0.22

Qomolangma Acquisition Debt-to-Equity Historical Data

The historical data trend for Qomolangma 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.

Qomolangma Acquisition Debt-to-Equity Chart

Qomolangma Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
9.52 - 0.22

Qomolangma Acquisition Quarterly Data
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 0.01 0.02 0.05 0.22 0.22

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

For the Shell Companies subindustry, Qomolangma 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.

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

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

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


Qomolangma Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qomolangma 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
=(0.937 + 0) / 4.344
=0.22

Qomolangma 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
=(0.937 + 0) / 4.341
=0.22

* 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.

Qomolangma Acquisition  (NAS:QOMO) 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.

Qomolangma Acquisition Debt-to-Equity Related Terms

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Qomolangma Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Qomolangma Acquisition Corp (NAS:QOMO) » Definitions » Debt-to-Equity
Comparable Companies
AQU CNXX MDWK AASP BNIX MARX BBOE DIST ADCV FRLA AACT ANSC EQV AAM NETD CCIX GPAT ALF MBAV IPXX
Traded in Other Exchanges
N/A
Address
1178 Broadway, 3rd Floor, New York, NY, USA, 10001
Website
Qomolangma Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Hao Shen director, officer: Chief Financial Officer 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Jonathan P Myers director, officer: President and CEO 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Jialuan Ma director 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Lin Shi director 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Yong Seog Jung director 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Qomolangma Investments Llc 10 percent owner 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001
Guojian Zhang 10 percent owner 1178 BROADWAY, 3RD FLOOR, NEW YORK NY 10001