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


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What is TortoiseEcofin Acquisition III Debt-to-Equity?

TortoiseEcofin Acquisition III's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. TortoiseEcofin Acquisition III's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.95 Mil. TortoiseEcofin Acquisition III's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $172.78 Mil. TortoiseEcofin Acquisition III'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 TortoiseEcofin Acquisition III's Debt-to-Equity or its related term are showing as below:

TRTL' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.15   Med: 0   Max: 0.01
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of TortoiseEcofin Acquisition III was 0.01. The lowest was -7.15. And the median was 0.00.

TRTL's Debt-to-Equity is ranked better than
99.65% of 288 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs TRTL: 0.01

TortoiseEcofin Acquisition III Debt-to-Equity Historical Data

The historical data trend for TortoiseEcofin Acquisition 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.

TortoiseEcofin Acquisition III Debt-to-Equity Chart

TortoiseEcofin Acquisition III Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.01

TortoiseEcofin Acquisition III Quarterly Data
Feb21 Jun21 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 Premium Member Only Premium Member Only - - - 0.01 0.01

Competitive Comparison of TortoiseEcofin Acquisition III's Debt-to-Equity

For the Shell Companies subindustry, TortoiseEcofin Acquisition 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.

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

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

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


TortoiseEcofin Acquisition III Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TortoiseEcofin Acquisition III'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 + 1.565) / 171.756
=0.01

TortoiseEcofin Acquisition III'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 + 1.947) / 172.777
=0.01

* 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.

TortoiseEcofin Acquisition III  (NYSE:TRTL) 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.

TortoiseEcofin Acquisition III Debt-to-Equity Related Terms

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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TortoiseEcofin Acquisition Corp III (NYSE:TRTL) » Definitions » Debt-to-Equity
Comparable Companies
HCVI CCVI SLAM NETD CXAC NFNT APGB KCGI SAGA DWAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT LSE:ADMR CNDA
Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Overland Park, KS, USA, 66211
Website
https://www.tortoisespac.com
TortoiseEcofin Acquisition Corp III is a blank check company.
Executives
Andrew B Lipsher director C/O VOLTA INDUSTRIES, INC., 155 DE HARO STREET, SAN FRANCISCO CA 94103
Hennessy Capital Growth Partners Fund I Spv V, Llc 10 percent owner 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hennessy Capital Growth Partners Fund I, Lp 10 percent owner 3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Matthew Schindel director 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Tortoiseecofin Sponsor Iii Llc 10 percent owner 5100 W. 115TH PLACE, LEAWOOD KS 66211
Thomas D Hennessy director, 10 percent owner 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Greg A Walker director 999 CORPORATE BOULEVARD, SUITE 300, LINTHICUM HEIGHTS MD 21090
Darrell Jr. Brock officer: Vice President 725 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10022
Juan J. Daboub director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Stephen S. Pang director, officer: President and CFO 5100 W. 115TH PLACE, LEAWOOD KS 66211
Evan J. Zimmer officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Mary Beth Mandanas director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Steven C. Schnitzer officer: VP, Gen. Counsel and Secretary 725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022
William J. Clinton director 5100 W. 115TH PLACE, LEAWOOD KS 66211