Gores Holdings IX (Gores Holdings IX) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Gores Holdings IX Debt-to-Equity?

Gores Holdings IX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.65 Mil. Gores Holdings IX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Gores Holdings IX's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $34.15 Mil. Gores Holdings IX's debt to equity for the quarter that ended in Mar. 2024 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 Gores Holdings IX's Debt-to-Equity or its related term are showing as below:

GHIX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 16.67
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Gores Holdings IX was 16.67. The lowest was 0.00. And the median was 0.00.

GHIX's Debt-to-Equity is ranked better than
91.53% of 295 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs GHIX: 0.02

Gores Holdings IX Debt-to-Equity Historical Data

The historical data trend for Gores Holdings IX'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.

Gores Holdings IX Debt-to-Equity Chart

Gores Holdings IX Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

15.79

Gores Holdings IX Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	-	0.02

Competitive Comparison of Gores Holdings IX's Debt-to-Equity

For the Shell Companies subindustry, Gores Holdings IX'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.

Gores Holdings IX's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Gores Holdings IX's Debt-to-Equity falls into.

Gores Holdings IX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gores Holdings IX'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
	=	(0.65	+	0)	/	531.769
	=	0.00

Gores Holdings IX'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
	=	(0.65	+	0)	/	34.154
	=	0.02

Gores Holdings IX (NAS:GHIX) 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.

Gores Holdings IX Debt-to-Equity Related Terms

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

Gores Holdings IX (Gores Holdings IX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Holdings IX Inc (NAS:GHIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

https://www.gores.com

Gores Holdings IX Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: See Remarks	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Keith Covington	director	500 WEST ILLINOIS, MIDLAND TX 79701
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Sponsor Ix Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301

Gores Holdings IX (Gores Holdings IX) Headlines

From GuruFocus

Gores Holdings IX, Inc. Completes $525 Million Initial Public Offering

By Business Wire Business Wire • 01-14-2022

Gores Holdings IX, Inc. Announces Pricing of $525 Million Initial Public Offering

By Business Wire Business Wire • 01-12-2022

Gores Holdings IX, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing March 4, 2022

By Business Wire Business Wire • 03-01-2022