Alpha Star Acquisition (Alpha Star Acquisition) Debt-to-Equity : 0.05 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Alpha Star Acquisition Debt-to-Equity?

Alpha Star Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.85 Mil. Alpha Star Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Alpha Star Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $91.33 Mil. Alpha Star Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

ALSA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 23.08
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of Alpha Star Acquisition was 23.08. The lowest was 0.00. And the median was 0.04.

ALSA's Debt-to-Equity is ranked better than
72.3% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs ALSA: 0.05

Alpha Star Acquisition Debt-to-Equity Historical Data

The historical data trend for Alpha Star 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.

Alpha Star Acquisition Debt-to-Equity Chart

Alpha Star Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.01

Alpha Star 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	0.02	0.03	0.05

Competitive Comparison of Alpha Star Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Alpha Star 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.

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

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

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

Alpha Star Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alpha Star 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
	=	(1.533	+	0)	/	113.71
	=	0.01

Alpha Star 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
	=	(4.85	+	0)	/	91.333
	=	0.05

Alpha Star Acquisition (NAS:ALSA) 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.

Alpha Star Acquisition Debt-to-Equity Related Terms

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

Alpha Star Acquisition (Alpha Star Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Broad Street, 5th Floor, New York, NY, USA, 10004

Website

Alpha Star Acquisition Corp is a blank check company.

Executives

Zhe Zhang	director, officer: Chief Executive Officer	UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX RD CENTRAL, HONG KONG F4 518000
Guojian Chen	officer: Chief Financial Officer	477 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
A-star Management Corp.	10 percent owner	80 BROAD STREET, 5TH FLOOR, NEW YORK NY 10004
Xiaofeng Zhou	director	D-22A, MINGZHU COMMUNITY, NO. 1 TAOYUAN ROAD, NANSHAN DISTRICT, SHENZHEN F4 518000
Konstantin A. Sokolov	director	11, TRIQ ID-DULARI, SAN PAWL IL-BAHAR, SPB09 O1 263642
Heui-ching Huang	director	NO. 1, LANE 151, MINZU ROAD, BANQIAO DISTRICT, NEW TAIPEI CITY F5 220811

Alpha Star Acquisition (Alpha Star Acquisition) Headlines

From GuruFocus

Alpha Star Acquisition Corporation Announces to Extend Deadline to Consummate Business Combination

By Value_Insider Value_Insider • 10-14-2022

Alpha Star Acquisition Corporation Announces the Separate Trading of its Ordinary Shares, Rights and Warrants Commencing Tuesday, January 18, 2022

By GuruFocusNews GuruFocusNews • 01-14-2022