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SportsTek Acquisition (SportsTek Acquisition) Debt-to-Equity : 0.00 (As of Sep. 2022)


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What is SportsTek Acquisition Debt-to-Equity?

SportsTek Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.20 Mil. SportsTek Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. SportsTek Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $165.79 Mil. SportsTek Acquisition's debt to equity for the quarter that ended in Sep. 2022 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 SportsTek Acquisition's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of SportsTek Acquisition was 7.33. The lowest was 0.00. And the median was 0.00.

SPTKU'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.

SportsTek Acquisition Debt-to-Equity Historical Data

The historical data trend for SportsTek 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.

SportsTek Acquisition Debt-to-Equity Chart

SportsTek Acquisition Annual Data
Trend Dec20 Dec21
Debt-to-Equity
7.33 -

SportsTek Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Debt-to-Equity Get a 7-Day Free Trial - - - - -

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

For the Shell Companies subindustry, SportsTek 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.

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

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

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


SportsTek Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SportsTek Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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) / 157.541
=0.00

SportsTek Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.2 + 0) / 165.788
=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.

SportsTek Acquisition  (NAS:SPTKU) 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.

SportsTek Acquisition Debt-to-Equity Related Terms

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

SportsTek Acquisition (SportsTek Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SportsTek Acquisition Corp (NAS:SPTKU) » Definitions » Debt-to-Equity
Comparable Companies
TCOA PHIC NGC KSI CLBR PGRW INKA APXI BRIV DUNE GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2200 S. Utica Place, Suite 450, Tulsa, OK, USA, 74114
Website
SportsTek Acquisition Corp is a blank check company.
Executives
Timothy W Clark director, officer: CFO, COO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Jeffrey Luhnow director, officer: Co-CEO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Jtjt Partners Llc 10 percent owner 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Carl Tavo Hellmund director, officer: Co-CEO C/O SPORTSTEK ACQUISITION CORP., 2200 S. UTICA PLACE, SUITE 450, TULSA OK 74114
Sashi Brown director C/O SPORTSTEK ACQUISITION CORP., 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Sebastian Park director C/O SPORTSTEK ACQUISITION CORP., 2200 S UTICA PLACE, SUITE 450, TULSA OK 74114
Endre Holen director 2200 S UTICA PLACE SUITE 450, TULSA OK 74114
Joyce Johnson director 8251 S LUELLA AVENUE, CHICAGO IL 60617