Global InterConnection Group (XAMS:CABLE) Debt-to-Equity : -0.90 (As of Dec. 2023)

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What is Global InterConnection Group Debt-to-Equity?

Global InterConnection Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.10 Mil. Global InterConnection Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £31.97 Mil. Global InterConnection Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £-36.66 Mil. Global InterConnection Group's debt to equity for the quarter that ended in Dec. 2023 was -0.90.

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 Global InterConnection Group's Debt-to-Equity or its related term are showing as below:

XAMS:CABLE' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.9 Med: -0.79 Max: -0.67
Current: -0.9

During the past 3 years, the highest Debt-to-Equity Ratio of Global InterConnection Group was -0.67. The lowest was -0.90. And the median was -0.79.

XAMS:CABLE's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs XAMS:CABLE: -0.90

Global InterConnection Group Debt-to-Equity Historical Data

The historical data trend for Global InterConnection Group'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.

Global InterConnection Group Debt-to-Equity Chart

Global InterConnection Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.67

-0.90

Global InterConnection Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	-0.67	-	-0.90

Competitive Comparison of Global InterConnection Group's Debt-to-Equity

For the Shell Companies subindustry, Global InterConnection Group'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.

Global InterConnection Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Global InterConnection Group's Debt-to-Equity falls into.

Global InterConnection Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global InterConnection Group'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
	=	(1.095	+	31.965)	/	-36.659
	=	-0.90

Global InterConnection Group's Debt to Equity Ratio for the quarter 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
	=	(1.095	+	31.965)	/	-36.659
	=	-0.90

Global InterConnection Group (XAMS:CABLE) 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.

Global InterConnection Group Debt-to-Equity Related Terms

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Global InterConnection Group (XAMS:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global InterConnection Group Ltd (XAMS:CABLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9OD:Germany

Address

First Floor, 10 Lefebvre Street, Saint Peter Port, GGY, GY1 2PE

Website

https://www.globalinterconnectiongroup.com

Global InterConnection Group Ltd formerly Disruptive Capital Acquisition Co Ltd is a special-purpose acquisition company. The Company intends to focus on undertaking a Business Combination with a target business or entity operating in the financial services sector.

Global InterConnection Group (XAMS:CABLE) Headlines

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