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TG Venture Acquisition (TG Venture Acquisition) Debt-to-Equity : 0.05 (As of Sep. 2023)


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What is TG Venture Acquisition Debt-to-Equity?

TG Venture Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.47 Mil. TG Venture Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. TG Venture Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $9.08 Mil. TG Venture Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

TGVC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 2.05   Max: 12.67
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of TG Venture Acquisition was 12.67. The lowest was 0.00. And the median was 2.05.

TGVC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs TGVC: 0.05

TG Venture Acquisition Debt-to-Equity Historical Data

The historical data trend for TG Venture 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.

TG Venture Acquisition Debt-to-Equity Chart

TG Venture Acquisition Annual Data
Trend Dec21 Dec22
Debt-to-Equity
- -

TG Venture Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 0.05 0.05

Competitive Comparison of TG Venture Acquisition's Debt-to-Equity

For the Shell Companies subindustry, TG Venture 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.

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

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

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


TG Venture Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TG Venture 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
=(0 + 0) / 117.414
=0.00

TG Venture 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
=(0.469 + 0) / 9.077
=0.05

* 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.

TG Venture Acquisition  (NAS:TGVC) 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.

TG Venture Acquisition Debt-to-Equity Related Terms

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

TG Venture Acquisition (TG Venture Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TG Venture Acquisition Corp (NAS:TGVC) » Definitions » Debt-to-Equity
Comparable Companies
AOGO NOVV BREZ HUDA WINV AQU ACAX MTRY PCCT DHAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1390 Market Street, Suite 200, San Francisco, CA, USA, 94102
Website
https://www.tgventureacquisition.com
TG Venture Acquisition Corp is a newly organized, blank check company.
Executives
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
High Income Securities Fund 10 percent owner US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202
Special Opportunities Fund, Inc. 10 percent owner C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Patrick Tsang director, 10 percent owner, officer: Chairman and CEO WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000
Philip Benedict Rettger director, officer: CFO PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141
Ma Jason Cheng Yuen director 2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067
Komal Ahmad director 300 BERRY STREET, #1313, SAN FRANCISCO CA 94158
Michael Lewis Alexander director SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000
Tsangs Group Holdings Ltd 10 percent owner ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077