Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) Debt-to-Equity : -0.08 (As of Sep. 2023)

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What is Thunder Bridge Capital Partners III Debt-to-Equity?

Thunder Bridge Capital Partners III's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.80 Mil. Thunder Bridge Capital Partners III's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Thunder Bridge Capital Partners III's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-10.26 Mil. Thunder Bridge Capital Partners III's debt to equity for the quarter that ended in Sep. 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 Thunder Bridge Capital Partners III's Debt-to-Equity or its related term are showing as below:

TBCPU' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.25 Med: -0.08 Max: 0
Current: -0.08

TBCPU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs TBCPU: -0.08

Thunder Bridge Capital Partners III Debt-to-Equity Historical Data

The historical data trend for Thunder Bridge Capital Partners III'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.

Thunder Bridge Capital Partners III Debt-to-Equity Chart

Thunder Bridge Capital Partners III Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-1.25

-0.10

Thunder Bridge Capital Partners III Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								-	-0.10	-0.08	-0.12	-0.08

Competitive Comparison of Thunder Bridge Capital Partners III's Debt-to-Equity

For the Shell Companies subindustry, Thunder Bridge Capital Partners III'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.

Thunder Bridge Capital Partners III's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Thunder Bridge Capital Partners III's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thunder Bridge Capital Partners III's Debt-to-Equity falls into.

Thunder Bridge Capital Partners III Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thunder Bridge Capital Partners III'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
	=	(0.475	+	0)	/	-4.784
	=	-0.10

Thunder Bridge Capital Partners III'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
	=	(0.803	+	0)	/	-10.26
	=	-0.08

Thunder Bridge Capital Partners III (NAS:TBCPU) 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.

Thunder Bridge Capital Partners III Debt-to-Equity Related Terms

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Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Thunder Bridge Capital Partners III Inc (NAS:TBCPU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9912 Georgetown Pike, Suite D203, Great Falls, VA, USA, 22066

Website

Thunder Bridge Capital Partners III Inc is a blank check company.

Executives

David E Mangum	director
Gary A Simanson	director, 10 percent owner, officer: President and CEO	717 KING STREET, ALEXANDRIA VA 22314
William A Houlihan	officer: Chief Financial Officer	10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Robert Herman Hartheimer	director	3232 RITTENHOUSE STREET NW, WASHINGTON DC 20015
Allerd D. Stikker	director	9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Mary Anne Gillespie	director	9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Tbcp Iii, Llc	10 percent owner	9912 GEORGETOWN PIKE SUITE D203, GREAT FALLS VA 22066

Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) Headlines

From GuruFocus

Thunder Bridge Capital Partners III Inc. Announces Closing of $414,000,000 Initial Public Offering

By GlobeNewswire GlobeNewswire • 02-10-2021

Thunder Bridge Capital Partners III Inc. Announces Closing of $414,000,000 Initial Public Offering

By Marketwired Marketwired • 02-11-2021