Ace Global Business Acquisition (Ace Global Business Acquisition) Debt-to-Asset : 0.12 (As of Dec. 2023)

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What is Ace Global Business Acquisition Debt-to-Asset?

Ace Global Business Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.71 Mil. Ace Global Business Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Ace Global Business Acquisition's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $23.40 Mil. Ace Global Business Acquisition's debt to asset for the quarter that ended in Dec. 2023 was 0.12.

Ace Global Business Acquisition Debt-to-Asset Historical Data

The historical data trend for Ace Global Business Acquisition's Debt-to-Asset 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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Ace Global Business Acquisition Debt-to-Asset Chart

Ace Global Business Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.03

0.12

Ace Global Business Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial								0.03	0.08	0.08	0.11	0.12

Competitive Comparison of Ace Global Business Acquisition's Debt-to-Asset

For the Shell Companies subindustry, Ace Global Business Acquisition's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Ace Global Business Acquisition's Debt-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ace Global Business Acquisition's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ace Global Business Acquisition's Debt-to-Asset falls into.

Ace Global Business Acquisition Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ace Global Business Acquisition's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.714	+	0)	/	23.399
	=	0.12

Ace Global Business Acquisition's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.714	+	0)	/	23.399
	=	0.12

Ace Global Business Acquisition (NAS:ACBAW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ace Global Business Acquisition Debt-to-Asset Related Terms

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