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Goldenstone Acquisition (Goldenstone Acquisition) Debt-to-Equity : 0.03 (As of Dec. 2023)


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What is Goldenstone Acquisition Debt-to-Equity?

Goldenstone Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.47 Mil. Goldenstone Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Goldenstone Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $50.11 Mil. Goldenstone Acquisition's debt to equity for the quarter that ended in Dec. 2023 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 Goldenstone Acquisition's Debt-to-Equity or its related term are showing as below:

GDST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 17.11
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Goldenstone Acquisition was 17.11. The lowest was 0.01. And the median was 0.02.

GDST's Debt-to-Equity is ranked better than
82.89% of 298 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs GDST: 0.03

Goldenstone Acquisition Debt-to-Equity Historical Data

The historical data trend for Goldenstone 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.

Goldenstone Acquisition Debt-to-Equity Chart

Goldenstone Acquisition Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
2.96 - 0.01

Goldenstone Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.02 0.02 0.03

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

For the Shell Companies subindustry, Goldenstone 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.

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

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

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


Goldenstone Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldenstone Acquisition's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(0.32 + 0) / 57.448
=0.01

Goldenstone 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
=(1.468 + 0) / 50.113
=0.03

* 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.

Goldenstone Acquisition  (NAS:GDST) 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.

Goldenstone Acquisition Debt-to-Equity Related Terms

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

Goldenstone Acquisition (Goldenstone Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Goldenstone Acquisition Ltd (NAS:GDST) » Definitions » Debt-to-Equity
Comparable Companies
RCAC DUET BACA ASCB WWAC OCAX APAC TRCA FICV BRAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4360 E New York Street, Aurora, IL, USA, 60504
Website
Goldenstone Acquisition Ltd is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Pin Tai director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Yongsheng Liu officer: Chief Operating Officer FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, N0. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Ray Lei Chen director, officer: Chief Financial Officer FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Nan Sun director 4360 E. NEW YORK STREET, AURORA IL 60504
Eddie Juling Ni director, officer: Chief Executive Officer 4360 E. NEW YORK STREET, AURORA IL 60504