Standard Mercantile Acquisition (TSX:SMA) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Standard Mercantile Acquisition Debt-to-Equity?

Standard Mercantile Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Standard Mercantile Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Standard Mercantile Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$5.37 Mil. Standard Mercantile Acquisition's debt to equity for the quarter that ended in Jun. 2023 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 Standard Mercantile Acquisition's Debt-to-Equity or its related term are showing as below:

During the past 11 years, the highest Debt-to-Equity Ratio of Standard Mercantile Acquisition was 0.63. The lowest was 0.03. And the median was 0.46.

TSX:SMA's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Standard Mercantile Acquisition Debt-to-Equity Historical Data

The historical data trend for Standard Mercantile 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.

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Standard Mercantile Acquisition Debt-to-Equity Chart

Standard Mercantile Acquisition Annual Data

Trend

Dec13

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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Standard Mercantile Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Standard Mercantile Acquisition's Debt-to-Equity

For the Asset Management subindustry, Standard Mercantile 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.

Standard Mercantile Acquisition's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Standard Mercantile Acquisition's Debt-to-Equity distribution charts can be found below:

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

Standard Mercantile Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Standard Mercantile 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)	/	8.084
	=	0.00

Standard Mercantile Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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)	/	5.371
	=	0.00

Standard Mercantile Acquisition (TSX:SMA) 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.

Standard Mercantile Acquisition Debt-to-Equity Related Terms

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Standard Mercantile Acquisition (TSX:SMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Standard Mercantile Acquisition Corp (TSX:SMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.standardmercantileacquisition.com

Standard Mercantile Acquisition Corp is focused on monetizing its remaining mortgage assets and is seeking a target acquisition to enable its shareholders to participate in the potential future value of the company's public listing through a merger transaction with a private operating business.

Standard Mercantile Acquisition (TSX:SMA) Headlines

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