Tottenham Acquisition I (Tottenham Acquisition I) Debt-to-Equity : 0.09 (As of Sep. 2020)

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What is Tottenham Acquisition I Debt-to-Equity?

Tottenham Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $2.01 Mil. Tottenham Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil. Tottenham Acquisition I's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $21.33 Mil. Tottenham Acquisition I's debt to equity for the quarter that ended in Sep. 2020 was 0.09.

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

CLNN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Tottenham Acquisition I was 0.09. The lowest was 0.01. And the median was 0.03.

CLNN's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs CLNN: 0.09

Tottenham Acquisition I Debt-to-Equity Historical Data

The historical data trend for Tottenham Acquisition I'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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Tottenham Acquisition I Debt-to-Equity Chart

Tottenham Acquisition I Annual Data

Trend

Dec17

Dec18

Dec19

Debt-to-Equity

0.02

Tottenham Acquisition I Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.02	0.03	0.08	0.09

Competitive Comparison of Tottenham Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Tottenham Acquisition I'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.

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

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

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

Tottenham Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tottenham Acquisition I's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(0.92	+	0)	/	45.52
	=	0.02

Tottenham Acquisition I's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(2.013	+	0)	/	21.334
	=	0.09

Tottenham Acquisition I (NAS:CLNN) 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.

Tottenham Acquisition I Debt-to-Equity Related Terms

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Tottenham Acquisition I (Tottenham Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tottenham Acquisition I Ltd (NAS:CLNN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-41 Wellington Street, Unit 902, Lucky Building, Central, Hong Kong, HKG

Website

Tottenham Acquisition I Ltd is a blank check company formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business with one or more businesses or entities.