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HNR Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $12.54 Mil. HNR Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $31.39 Mil. HNR Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-7.39 Mil. HNR Acquisition's debt to equity for the quarter that ended in Mar. 2024 was -5.94.
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 HNR Acquisition's Debt-to-Equity or its related term are showing as below:
During the past 4 years, the highest Debt-to-Equity Ratio of HNR Acquisition was 0.94. The lowest was -15.72. And the median was 0.01.
The historical data trend for HNR 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.
HNR Acquisition Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Debt-to-Equity | - | - | 0.94 | -15.72 |
HNR Acquisition Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.01 | 0.02 | 0.04 | -15.72 | -5.95 |
For the Shell Companies subindustry, HNR 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.
For the Diversified Financial Services industry and Financial Services sector, HNR Acquisition's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where HNR Acquisition's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
HNR 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 | |
= | (6.517 | + | 37.486) | / | -2.8 | |
= | -15.72 |
HNR 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 | |
= | (12.535 | + | 31.386) | / | -7.388 | |
= | -5.94 |
* 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.
HNR Acquisition (AMEX:HNRA) 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.
Thank you for viewing the detailed overview of HNR Acquisition's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald Goree | director, officer: Chief Executive Officer | 101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301 |
Salvucci Joseph V Jr | director | 583 EPSILON DRIVE, PITTSBURGH PA 15238 |
Salvucci Joseph V Sr | director | 583 EPSILON DRIVE, PITTSBURGH PA 15238 |
Donald W Orr | director, officer: President | 3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098 |
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