AltEnergy Acquisition (AltEnergy Acquisition) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is AltEnergy Acquisition Debt-to-Equity?

AltEnergy Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.18 Mil. AltEnergy Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. AltEnergy Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3.58 Mil. AltEnergy Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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

AEAE' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.48 Med: 0.05 Max: 0.33
Current: 0.33

During the past 3 years, the highest Debt-to-Equity Ratio of AltEnergy Acquisition was 0.33. The lowest was -2.48. And the median was 0.05.

AEAE's Debt-to-Equity is ranked worse than
75.61% of 287 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs AEAE: 0.33

AltEnergy Acquisition Debt-to-Equity Historical Data

The historical data trend for AltEnergy 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.

AltEnergy Acquisition Debt-to-Equity Chart

AltEnergy Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.21

AltEnergy Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	0.10	0.15	0.21	0.33

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

For the Shell Companies subindustry, AltEnergy 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.

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

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

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

AltEnergy Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AltEnergy 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
	=	(1	+	0)	/	4.836
	=	0.21

AltEnergy 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
	=	(1.175	+	0)	/	3.576
	=	0.33

AltEnergy Acquisition (NAS:AEAE) 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.

AltEnergy Acquisition Debt-to-Equity Related Terms

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

AltEnergy Acquisition (AltEnergy Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Lexington Avenue, 9th Floor, New York, NY, USA, 10022

Website

https://www.altenergyacquisition.com

AltEnergy Acquisition Corp is a blank check company.

Executives

Kimberly J. Heimert	director	ALTENERGY ACQUISITION CORP, 600 LEXINGTON AVE, 9TH FLOOR, NEW YORK NY 10022
Michael C Salvator	director	130 MAIN STREET, NEW CANAAN CT 06840
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
Audrey Ann Zibelman	director	6/128 TOORAK ROAD WEST, SOUTH YARRA C4 3141
Russell Monoki Stidolph	officer: Chief Executive Officer	137 ROWAYTON AVENUE, ROWAYTON CT 06853
Altenergy Acquisition Sponsor Llc	10 percent owner	137 ROWAYTON AVENUE, SUITE 400, ROWAYTON CT 06853
Arul Gupta	officer: Chief Operating Officer	VO-068, LEVEL 13A, WISMA MONT KIARA, 1 JALAN KIARA, KUALA LUMPUR N8 50480
William Roger Campell	director	2 BIRCHWOOD LANE, WESTPORT CT 06880
Jonathan Darnell	officer: Chief Financial Officer	1250 AVENUE OF THE AMERICAS, SECOND FLOOR, NEW YORK NY 10019

AltEnergy Acquisition (AltEnergy Acquisition) Headlines

From GuruFocus

AltEnergy Acquisition Corp.. Announces Separate Trading of its Common Stock and Warrants, Commencing December 13, 2021

By PRNewswire PRNewswire • 12-13-2021

ALTENERGY ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF THE SPECIAL MEETING OF STOCKHOLDERS

By PRNewswire PRNewswire • 04-26-2023