Generation Asia I Acquisition (Generation Asia I Acquisition) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Generation Asia I Acquisition Debt-to-Equity?

Generation Asia I Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.05 Mil. Generation Asia I Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Generation Asia I Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $78.34 Mil. Generation Asia I Acquisition's debt to equity for the quarter that ended in Mar. 2024 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 Generation Asia I Acquisition's Debt-to-Equity or its related term are showing as below:

GAQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.33 Med: 0.02 Max: 4.7
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Generation Asia I Acquisition was 4.70. The lowest was -8.33. And the median was 0.02.

GAQ's Debt-to-Equity is ranked better than
83.78% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs GAQ: 0.03

Generation Asia I Acquisition Debt-to-Equity Historical Data

The historical data trend for Generation Asia I 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.

Generation Asia I Acquisition Debt-to-Equity Chart

Generation Asia I Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-8.33

0.02

Generation Asia I Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.01	0.02	0.03

Competitive Comparison of Generation Asia I Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Generation Asia I 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.

Generation Asia I Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Generation Asia I Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Generation Asia I 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
	=	(1.5	+	0)	/	78.577
	=	0.02

Generation Asia I 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
	=	(2.05	+	0)	/	78.339
	=	0.03

Generation Asia I Acquisition (NAS:GAQ) 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.

Generation Asia I Acquisition Debt-to-Equity Related Terms

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Generation Asia I Acquisition (Generation Asia I Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Generation Asia I Acquisition Ltd (NAS:GAQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cricket Square, Boundary Hall, Grand Cayman, CYM, KY1-1102

Website

https://gaq.gen-mgmt.com

Generation Asia I Acquisition Ltd is a blank check company.

Executives

Mei Gao	director	101 CENTRAL PARK WEST, 4B, NEW YORK NY 10023
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Roy Kuan	director, officer: Chief Executive Officer	68 YEE WO STREET, 18/F, CAUSEWAY BAY K3 00000
Kwok Catherine Chung Ka	officer: Chief Financial Officer	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Norimitsu Niwa	director, officer: Chief Operating Officer	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Gary Wb Chan	director	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3