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Marblegate Acquisition (Marblegate Acquisition) Debt-to-Equity : -0.17 (As of Mar. 2024)


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What is Marblegate Acquisition Debt-to-Equity?

Marblegate Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Marblegate Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.57 Mil. Marblegate Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-15.38 Mil. Marblegate Acquisition's debt to equity for the quarter that ended in Mar. 2024 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 Marblegate Acquisition's Debt-to-Equity or its related term are showing as below:

GATE' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.17   Med: -0.1   Max: 8.5
Current: -0.17

During the past 4 years, the highest Debt-to-Equity Ratio of Marblegate Acquisition was 8.50. The lowest was -0.17. And the median was -0.10.

GATE's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs GATE: -0.17

Marblegate Acquisition Debt-to-Equity Historical Data

The historical data trend for Marblegate 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.

Marblegate Acquisition Debt-to-Equity Chart

Marblegate Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- - -0.04 -0.15

Marblegate Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.10 -0.14 -0.15 -0.15 -0.17

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

For the Shell Companies subindustry, Marblegate 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.

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

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

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


Marblegate Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marblegate 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
=(0 + 2.225) / -14.703
=-0.15

Marblegate 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
=(0 + 2.565) / -15.376
=-0.17

* 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.

Marblegate Acquisition  (NAS:GATE) 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.

Marblegate Acquisition Debt-to-Equity Related Terms

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

Marblegate Acquisition (Marblegate Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Marblegate Acquisition Corp (NAS:GATE) » Definitions » Debt-to-Equity
Comparable Companies
MCAC FIAC GPAC OPA BMAC TBCP NSTB DSAQ NPAB ZLS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580
Website
Marblegate Acquisition Corp is a blank check company.
Executives
Jeffrey Kravetz officer: Chief Financial Officer 411 THEODORE FREMD AVENUE, SUITE 206S, RYE NY 10580
Bartels Patrick J Jr director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Hannah E. Dunn other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Daniel S. Short other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Joshua J. Dapice other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Edric C. Saito other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Farallon Capital Management Llc other: Member of a Group Owning 10% ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Wingback Investors Llc other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Varun N Gehani other: Member of a Group Owning 10% ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Grassland Investors, Llc 10 percent owner, other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Nicolas Giauque other: Member of a Group Owning 10% C/O NOONDAY ASSET MANAGEMENT, LLP, BURDETT HOUSE, 15-16, BUCKINGHAM STREET, LONDON X0 WC2N 6DU
Philip D Dreyfuss other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Michael B. Fisch other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
William Seybold other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Mark C Wehrly other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111