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Blue Ocean Acquisition (Blue Ocean Acquisition) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is Blue Ocean Acquisition Debt-to-Equity?

Blue Ocean Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.68 Mil. Blue Ocean Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Blue Ocean Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $55.09 Mil. Blue Ocean Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Blue Ocean Acquisition's Debt-to-Equity or its related term are showing as below:

BOCN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 5.92
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Blue Ocean Acquisition was 5.92. The lowest was 0.00. And the median was 0.02.

BOCN's Debt-to-Equity is ranked better than
83.04% of 289 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs BOCN: 0.03

Blue Ocean Acquisition Debt-to-Equity Historical Data

The historical data trend for Blue Ocean 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.

* Premium members only.

Blue Ocean Acquisition Debt-to-Equity Chart

Blue Ocean Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.02

Blue Ocean Acquisition Quarterly Data
Mar21 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 - - 0.02 0.02 0.03

Competitive Comparison of Blue Ocean Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Blue Ocean 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.

Blue Ocean Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Blue Ocean Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Ocean Acquisition'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
=(1.246 + 0) / 55.188
=0.02

Blue Ocean Acquisition'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
=(1.678 + 0) / 55.091
=0.03

* 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.

Blue Ocean Acquisition  (NAS:BOCN) 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.

Blue Ocean Acquisition Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Blue Ocean Acquisition's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Ocean Acquisition (Blue Ocean Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blue Ocean Acquisition Corp (NAS:BOCN) » Definitions » Debt-to-Equity
Comparable Companies
LOCC PLAO SEDA APTM PRLH APCA MNTN CDAQ SKGR BOAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815
Website
https://www.boacquisition.com
Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Matt Lasov officer: Chief Financial Officer 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Richard Jr Leggett officer: Chief Executive Officer C/O RISKMETRICS GROUP, INC., 2099 GAITHER ROAD, ROCKVILLE MD 20850
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Capital Management Gp, Llc 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Spac Fund I, L.p. 10 percent owner 27 HOSPITAL ROAD, GEORGE TOW E9 KY1-9008
Paul J Bascobert director, officer: Chief Executive Officer 20 W. KINZIE ST, SUITE 1600, CHICAGO IL 60610
Joel Motley director 6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112-3924
Norman Pearlstine director C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Ankur Manglik director, officer: Chief Strategy Officer & CFO 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Marcus Brauchli director, officer: Chairman 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Sean Glodek director, officer: Vice President 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Matt Goldberg director 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Priscilla Han director 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Dale Mathias director 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Blue Ocean Sponsor Llc 10 percent owner 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815