Kernel Group Holdings (Kernel Group Holdings) Debt-to-Equity : -1.11 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Kernel Group Holdings Debt-to-Equity?

Kernel Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.21 Mil. Kernel Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Kernel Group Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-3.80 Mil. Kernel Group Holdings's debt to equity for the quarter that ended in Mar. 2024 was -1.11.

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 Kernel Group Holdings's Debt-to-Equity or its related term are showing as below:

KRNLU' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.11 Med: 0.03 Max: 0.06
Current: -1.11

During the past 4 years, the highest Debt-to-Equity Ratio of Kernel Group Holdings was 0.06. The lowest was -1.11. And the median was 0.03.

KRNLU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs KRNLU: -1.11

Kernel Group Holdings Debt-to-Equity Historical Data

The historical data trend for Kernel Group Holdings'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.

Kernel Group Holdings Debt-to-Equity Chart

Kernel Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

20.00

0.06

Kernel Group Holdings Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.01	0.03	0.06	0.06	-1.11

Competitive Comparison of Kernel Group Holdings's Debt-to-Equity

For the Shell Companies subindustry, Kernel Group Holdings'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.

Kernel Group Holdings's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Kernel Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kernel Group Holdings'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
	=	(3.78	+	0)	/	59.518
	=	0.06

Kernel Group Holdings'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
	=	(4.213	+	0)	/	-3.801
	=	-1.11

Kernel Group Holdings (NAS:KRNLU) 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.

Kernel Group Holdings Debt-to-Equity Related Terms

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

Kernel Group Holdings (Kernel Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kernel Group Holdings Inc (NAS:KRNLU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KRNL:USA

Address

515 Madison Avenue, 8th Floor, Suite 8078, New York, NY, USA, 94112

Website

https://www.kernelspac.com

Kernel Group Holdings Inc is a blank check company.

Executives

Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Surendra K Ajjarapu	director, 10 percent owner, officer: CEO, Chairman	8604 BUTTON BUSH CT, TAMPA FL 33647
Vkss Capital, Llc	other: 10% Owner	515 MADISON AVENUE, SUITE 865, NEW YORK NY 10022
Srinivasan Venkatesh	director	2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan	director	334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Howard A. Doss	officer: Chief Financial Officer	17537 DARBY LANE, LUTZ FL 90067
Mark Gross	director, 10 percent owner, officer: Chief Executive Officer	11840 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Kernel Capital Holdings, Llc	director, 10 percent owner	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Christopher J Farrell	director	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Ronald Martin Meyer	director	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Michael F Newbold	officer: Chief Administrative Officer	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Brett Northart	director, 10 percent owner, officer: Chief Operating Officer	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Diana A Sklar	director	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112