Broad Capital Acquisition (Broad Capital Acquisition) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Broad Capital Acquisition Debt-to-Equity?

Broad Capital Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.92 Mil. Broad Capital Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Broad Capital Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $8.32 Mil. Broad Capital Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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

BRAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.28 Max: 26.6
Current: 0.47

During the past 3 years, the highest Debt-to-Equity Ratio of Broad Capital Acquisition was 26.60. The lowest was 0.02. And the median was 0.28.

BRAC's Debt-to-Equity is ranked worse than
79.39% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs BRAC: 0.47

Broad Capital Acquisition Debt-to-Equity Historical Data

The historical data trend for Broad 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.

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Broad Capital Acquisition Debt-to-Equity Chart

Broad Capital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

26.60

0.09

Broad Capital Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.02	0.05	0.07	0.09	0.47

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

For the Shell Companies subindustry, Broad 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.

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

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

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

Broad Capital Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Broad Capital 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
	=	(3.658	+	0)	/	40.354
	=	0.09

Broad Capital 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
	=	(3.917	+	0)	/	8.322
	=	0.47

Broad Capital Acquisition (NAS:BRAC) 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.

Broad Capital Acquisition Debt-to-Equity Related Terms

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

Broad Capital Acquisition (Broad Capital Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5345 Annabel Lane, Plano, TX, USA, 75093

Website

Broad Capital Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Teck-yong Heng	director	NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Johann Y Tse	director, officer: Chief Executive Officer	5345 ANNABEL LANE, PLANO TX 75093
Rongrong Jiang	director, officer: Chief Financial Officer	235 TENAFLY RD, TENAFLY NJ 07670
Trimmer Jeffrey Wayne Sr	director	7601 JOHN MCCAIN ROAD, COLLEYVILLE TX 76034
Keith Ryan Adams	director	235 TENAFLY RD, TENAFLY NJ 07670
Nicolas Shao	director	6 CHAOYANG PARK SOUTH, PARK AVE. APTS., BLD. #3-11F, BEIJING F4 00000
Broad Capital Llc	10 percent owner	5345 ANNABEL LANE, PLANO TX 75093