CCAJ (Coastal Capital Acquisition) LT-Debt-to-Total-Asset : 3.59 (As of Sep. 2023)

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What is Coastal Capital Acquisition LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Coastal Capital Acquisition's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 3.59.

Coastal Capital Acquisition's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (3.59). It may suggest that Coastal Capital Acquisition is progressively becoming more dependent on debt to grow their business.

Coastal Capital Acquisition LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coastal Capital Acquisition's LT-Debt-to-Total-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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Coastal Capital Acquisition LT-Debt-to-Total-Asset Chart

Coastal Capital Acquisition Annual Data

Trend

LT-Debt-to-Total-Asset

Coastal Capital Acquisition Semi-Annual Data
	Sep22	Sep23
LT-Debt-to-Total-Asset	-	3.59

Coastal Capital Acquisition LT-Debt-to-Total-Asset Calculation

Coastal Capital Acquisition's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Coastal Capital Acquisition's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.104	/	0.029
	=

Coastal Capital Acquisition (OTCPK:CCAJ) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Coastal Capital Acquisition LT-Debt-to-Total-Asset Related Terms

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Coastal Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Coastal Capital Acquisition Corp (OTCPK:CCAJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202

Website

https://www.coastalcapitalacquisitioncorp.com

Coastal Capital Acquisition Corp is now a Builder primarily engaged in the construction of single-family houses and other buildings for sale on its account rather than as contractors including renovations. Its secondary business engagement is an Office of Holding companies primarily engaging in holding the equity interest in (or securities) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms.

Executives

Mark A Lewis	director	200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc	10 percent owner

Coastal Capital Acquisition Headlines

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