byNordic Acquisition (byNordic Acquisition) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is byNordic Acquisition Debt-to-Equity?

byNordic Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.94 Mil. byNordic Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. byNordic Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $28.98 Mil. byNordic Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

BYNO' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.3 Med: 0.17 Max: 13
Current: 0.17

During the past 5 years, the highest Debt-to-Equity Ratio of byNordic Acquisition was 13.00. The lowest was -10.30. And the median was 0.17.

BYNO's Debt-to-Equity is ranked worse than
63.25% of 302 companies
in the Diversified Financial Services industry
Industry Median: 0.115 vs BYNO: 0.17

byNordic Acquisition Debt-to-Equity Historical Data

The historical data trend for byNordic 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.

byNordic Acquisition Debt-to-Equity Chart

byNordic Acquisition Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

13.00

-10.30

0.17

byNordic Acquisition Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											-	-	0.01	0.11	0.17

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

For the Shell Companies subindustry, byNordic 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.

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

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

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

byNordic Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

byNordic 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
	=	(4.935	+	0)	/	28.981
	=	0.17

byNordic Acquisition's Debt to Equity Ratio for the quarter 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
	=	(4.935	+	0)	/	28.981
	=	0.17

byNordic Acquisition (NAS:BYNO) 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.

byNordic Acquisition Debt-to-Equity Related Terms

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byNordic Acquisition (byNordic Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pir 29, Einar Hansens Esplanad 29, Malmo, SWE, 211 13

Website

byNordic Acquisition Corp is a blank check company.

Executives

Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Mizuho Americas Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Thomas L Fairfield	officer: CFO, COO and Secretary	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Steven M Wasserman	director	328 WEST 77TH STREET, NEW YORK NY 10024
Mats Karlsson	officer: Director of Acquisition	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Michael Hermansson	officer: Chief Executive Officer	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Anna Yukiko Bickenbach	director	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Christian Merheim	officer: Director of Technology	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Water By Nordic Ab	10 percent owner	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Jonas Olsson	director, officer: Chairman of the Board	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Anders Norlin	director	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Alexander Bigge Lidgren	officer: Director of Marketing	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Elmberg Fredrik Jan Thure	director	REINBEKER WEG 51, D-21029, HAMBURG 2M 00000