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Alset Capital Acquisition (Alset Capital Acquisition) Debt-to-Equity : 0.01 (As of Aug. 2023)


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What is Alset Capital Acquisition Debt-to-Equity?

Alset Capital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.21 Mil. Alset Capital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil. Alset Capital Acquisition's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $18.33 Mil. Alset Capital Acquisition's debt to equity for the quarter that ended in Aug. 2023 was 0.01.

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

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

During the past 2 years, the highest Debt-to-Equity Ratio of Alset Capital Acquisition was 0.01. The lowest was 0.00. And the median was 0.01.

ACAX's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs ACAX: 0.01

Alset Capital Acquisition Debt-to-Equity Historical Data

The historical data trend for Alset Capital 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.

Alset Capital Acquisition Debt-to-Equity Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Debt-to-Equity
- -

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Debt-to-Equity Get a 7-Day Free Trial - - - - 0.01

Competitive Comparison of Alset Capital Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Alset Capital 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.

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

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

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


Alset Capital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alset Capital Acquisition's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
=(0 + 0) / 85.902
=0.00

Alset Capital Acquisition's Debt to Equity Ratio for the quarter that ended in Aug. 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
=(0.205 + 0) / 18.33
=0.01

* 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.

Alset Capital Acquisition  (NAS:ACAX) 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.

Alset Capital Acquisition Debt-to-Equity Related Terms

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Alset Capital Acquisition (Alset Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alset Capital Acquisition Corp (NAS:ACAX) » Definitions » Debt-to-Equity
Comparable Companies
AQU MTRY PCCT HUDA BREZ DHAC KACL TGVC DMAQ AOGO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Website
https://www.alsetcapitalacquisition.com
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.