Digital World Acquisition (Digital World Acquisition) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Digital World Acquisition Debt-to-Equity?

Digital World Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.75 Mil. Digital World Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Digital World Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $246.66 Mil. Digital World Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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

DWAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 3.42
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Digital World Acquisition was 3.42. The lowest was 0.00. And the median was 0.02.

DWAC's Debt-to-Equity is ranked better than
89.97% of 309 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs DWAC: 0.02

Digital World Acquisition Debt-to-Equity Historical Data

The historical data trend for Digital World 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.

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Digital World Acquisition Debt-to-Equity Chart

Digital World Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.01

Digital World Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.01	0.02	0.02	0.02

Competitive Comparison of Digital World Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Digital World 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.

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

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

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

Digital World Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Digital World 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
	=	(3.501	+	0)	/	266.977
	=	0.01

Digital World Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5.747	+	0)	/	246.663
	=	0.02

Digital World Acquisition (NAS:DWAC) 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.

Digital World Acquisition Debt-to-Equity Related Terms

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

Digital World Acquisition (Digital World Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DWACW:USA

Address

3109 Grand Avenue, No 450, Miami, FL, USA, 33133

Website

Digital World Acquisition Corp is a blank check company.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Patrick Francis Orlando	director, 10 percent owner, officer: CEO and Chairman	212 E 48TH STREET - PHB, NEW YORK NY 10017
Justin Shaner	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Eric Swider	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Rodrigo Veloso	director	78 SW 7TH STREET, MIAMI FL 33130
Bruce J. Garelick	director	78 SW 7TH STREET, MIAMI FL 33130
Jacobson Montie	director	78 SW 7TH STREET, MIAMI FL 33130
Luiz Orleans-braganza	officer: Chief Financial Officer	78 SW 7TH STREET, MIAMI FL 33130
Arc Global Investments Ii Llc	10 percent owner	78 SW 7TH STREET, MIAMI FL 33130