First Light Acquisition Group (First Light Acquisition Group) Debt-to-Equity : 0.05 (As of Jun. 2023)

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What is First Light Acquisition Group Debt-to-Equity?

First Light Acquisition Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.49 Mil. First Light Acquisition Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. First Light Acquisition Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $31.25 Mil. First Light Acquisition Group's debt to equity for the quarter that ended in Jun. 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 First Light Acquisition Group's Debt-to-Equity or its related term are showing as below:

FLAG.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.05
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of First Light Acquisition Group was 0.05. The lowest was 0.01. And the median was 0.04.

FLAG.U's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs FLAG.U: 0.05

First Light Acquisition Group Debt-to-Equity Historical Data

The historical data trend for First Light Acquisition Group'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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First Light Acquisition Group Debt-to-Equity Chart

First Light Acquisition Group Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.03

First Light Acquisition Group Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				-	0.01	0.03	0.04	0.05

Competitive Comparison of First Light Acquisition Group's Debt-to-Equity

For the Shell Companies subindustry, First Light Acquisition Group'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.

First Light Acquisition Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

First Light Acquisition Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Light Acquisition Group'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
	=	(1.225	+	0)	/	37.248
	=	0.03

First Light Acquisition Group'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
	=	(1.49	+	0)	/	31.245
	=	0.05

First Light Acquisition Group (AMEX:FLAG.U) 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.

First Light Acquisition Group Debt-to-Equity Related Terms

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First Light Acquisition Group (First Light Acquisition Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Light Acquisition Group Inc (AMEX:FLAG.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11110 Sunset Hills Road, Suite No. 2278, Reston, VA, USA, 20190

Website

https://www.firstlightacquisition.com

First Light Acquisition Group Inc is a is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.