TMT Acquisition (TMT Acquisition) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is TMT Acquisition Debt-to-Equity?

TMT Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.50 Mil. TMT Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. TMT Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $63.61 Mil. TMT Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

TMTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 27.75 Max: 29.6
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of TMT Acquisition was 29.60. The lowest was 0.01. And the median was 27.75.

TMTC's Debt-to-Equity is ranked better than
99.66% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs TMTC: 0.01

TMT Acquisition Debt-to-Equity Historical Data

The historical data trend for TMT 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.

TMT Acquisition Debt-to-Equity Chart

TMT Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

12.50

29.60

TMT Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	0.01

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

For the Shell Companies subindustry, TMT 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.

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

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

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

TMT Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TMT 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	+	0)	/	63.158
	=	0.00

TMT 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
	=	(0.5	+	0)	/	63.609
	=	0.01

TMT Acquisition (NAS:TMTC) 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.

TMT Acquisition Debt-to-Equity Related Terms

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

TMT Acquisition (TMT Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TMT Acquisition Corp (NAS:TMTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Fifth Avenue, Suite 938, New York, NY, USA, 10110

Website

TMT Acquisition Corp is a newly organized 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.

Executives

2tm Holding Lp	10 percent owner	500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110
Christopher Constable	director	3000 NW 109TH AVE, MIAMI FL 33172
Dajiang Guo	director, officer: Chief Executive Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
Jichuan Yang	officer: Chief Financial Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
James Edward Burns	director	3322 DESERT INN, MONTGOMERY TX 77356
Kenan Gong	director	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110

TMT Acquisition (TMT Acquisition) Headlines

From GuruFocus

TMT Acquisition Corp Announces Closing of $60 Million Initial Public Offering

By sperokesalga sperokesalga • 03-30-2023

TMT Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights Commencing on May 1, 2023

By sperokesalga sperokesalga • 04-27-2023

TMT Acquisition Corp Announces Pricing of $60 Million Initial Public Offering

By sperokesalga sperokesalga • 03-28-2023