GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aurora Acquisition Corp (NAS:AURC) » Definitions » Debt-to-Equity

Aurora Acquisition (Aurora Acquisition) Debt-to-Equity : 0.13 (As of Jun. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Aurora Acquisition Debt-to-Equity?

Aurora Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.41 Mil. Aurora Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Aurora Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $3.12 Mil. Aurora Acquisition's debt to equity for the quarter that ended in Jun. 2023 was 0.13.

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

AURC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 5.2
Current: 0.13

During the past 3 years, the highest Debt-to-Equity Ratio of Aurora Acquisition was 5.20. The lowest was 0.00. And the median was 0.01.

AURC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs AURC: 0.13

Aurora Acquisition Debt-to-Equity Historical Data

The historical data trend for Aurora 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.

Aurora Acquisition Debt-to-Equity Chart

Aurora Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
5.20 0.01 0.01

Aurora Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.10 0.13

Competitive Comparison of Aurora Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Aurora 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.

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

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

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


Aurora Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aurora Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(2.812 + 0) / 267.207
=0.01

Aurora Acquisition's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.412 + 0) / 3.124
=0.13

* 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.

Aurora Acquisition  (NAS:AURC) 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.

Aurora Acquisition Debt-to-Equity Related Terms

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

Aurora Acquisition (Aurora Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aurora Acquisition Corp (NAS:AURC) » Definitions » Debt-to-Equity
Comparable Companies
PACI CPTK GGMC ADER ADEX NFNT KCGI KAIR POW EPWR GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
20 North Audley Street, London, GBR, W1K 6LX
Website
https://www.aurora-acquisition.com
Aurora Acquisition Corp is a blank check company.
Executives
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Novator Capital Sponsor Ltd. 10 percent owner 452 5TH AVENUE, NEW YORK NY 10018
Michael Edelstein director 452 5TH AVENUE, NEW YORK NY 10018
Sangeeta Desai director 452 5TH AVENUE, NEW YORK NY 10018
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Arnaud Massenet officer: Chief Executive Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Caroline Harding director, officer: Chief Financial Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Shravin Mittal director 452 FIFTH AVENUE, NEW YORK NY 10018