Bannix Acquisition (Bannix Acquisition) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Bannix Acquisition Debt-to-Equity?

Bannix Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.73 Mil. Bannix Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Bannix Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $28.09 Mil. Bannix Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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

BNIX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.5 Max: 88.08
Current: 0.03

During the past 2 years, the highest Debt-to-Equity Ratio of Bannix Acquisition was 88.08. The lowest was 0.02. And the median was 0.50.

BNIX's Debt-to-Equity is ranked better than
83.16% of 291 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs BNIX: 0.03

Bannix Acquisition Debt-to-Equity Historical Data

The historical data trend for Bannix 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.

Bannix Acquisition Debt-to-Equity Chart

Bannix Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

Bannix Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	0.02	0.03

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

For the Shell Companies subindustry, Bannix 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.

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

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

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

Bannix Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bannix 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
	=	(0	+	0)	/	69.731
	=	0.00

Bannix 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
	=	(0.726	+	0)	/	28.091
	=	0.03

Bannix Acquisition (NAS:BNIX) 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.

Bannix Acquisition Debt-to-Equity Related Terms

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Bannix Acquisition (Bannix Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8265 West Sunset Boulevard, Suite No. 107, West Hollywood, CA, USA, 90046

Website

Bannix Acquisition Corp is a blank check company.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Douglas Landers Davis	director, officer: Chief Executive Officer	C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Jamal Khurshid	director	BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Craig Marshak	director	C/O TRAFALGAR CAPITAL ADVISORS, 18851 NORTHEAST 29 AVENUE, SUITE 306, AVENTURA FL 33180
Eric Todd Shuss	director	7322 E. EQUITATION WAY, ORANGE CA 92869