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Fintech Ecosystem Development (Fintech Ecosystem Development) Debt-to-Equity : 0.02 (As of Jun. 2023)


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What is Fintech Ecosystem Development Debt-to-Equity?

Fintech Ecosystem Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.71 Mil. Fintech Ecosystem Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Fintech Ecosystem Development's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $34.74 Mil. Fintech Ecosystem Development's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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 Fintech Ecosystem Development's Debt-to-Equity or its related term are showing as below:

FEXD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 2.5
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Fintech Ecosystem Development was 2.50. The lowest was 0.00. And the median was 0.01.

FEXD's Debt-to-Equity is ranked better than
91.44% of 292 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs FEXD: 0.02

Fintech Ecosystem Development Debt-to-Equity Historical Data

The historical data trend for Fintech Ecosystem Development'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.

Fintech Ecosystem Development Debt-to-Equity Chart

Fintech Ecosystem Development Annual Data
Trend Dec21 Dec22
Debt-to-Equity
- 0.01

Fintech Ecosystem Development Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.01 0.01 0.02

Competitive Comparison of Fintech Ecosystem Development's Debt-to-Equity

For the Shell Companies subindustry, Fintech Ecosystem Development'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.

Fintech Ecosystem Development's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Fintech Ecosystem Development's Debt-to-Equity falls into.


Fintech Ecosystem Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fintech Ecosystem Development'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
=(0.528 + 0) / 112.447
=0.00

Fintech Ecosystem Development's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.707 + 0) / 34.737
=0.02

* 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.

Fintech Ecosystem Development  (NAS:FEXD) 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.

Fintech Ecosystem Development Debt-to-Equity Related Terms

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

Fintech Ecosystem Development (Fintech Ecosystem Development) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fintech Ecosystem Development Corp (NAS:FEXD) » Definitions » Debt-to-Equity
Comparable Companies
FRLA INAQ TETE LIVB TRON KVSA OXUS SGII VHAQ GBBK PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
100 Springhouse Drive, Suite 204, Collegeville, PA, USA, 19426
Website
https://www.fintechecosys.com
Fintech Ecosystem Development Corp is a newly organized 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
Robin Sue Meister director FINTECH ECOSYSTEM DEVELOPMENT CORP., 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Jenny Junkeer officer: Chief Financial Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Revofast Llc 10 percent owner 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19420
Mubasshir Karim director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Saiful Khandaker officer: Chief Executive Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Lynn Perkins director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Michael Stanley Tomczyk director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426