8i Acquisition 2 (8i Acquisition 2) Debt-to-Equity : 0.01 (As of Jul. 2022)

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What is 8i Acquisition 2 Debt-to-Equity?

8i Acquisition 2's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2022 was $0.80 Mil. 8i Acquisition 2's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2022 was $0.00 Mil. 8i Acquisition 2's Total Stockholders Equity for the quarter that ended in Jul. 2022 was $82.05 Mil. 8i Acquisition 2's debt to equity for the quarter that ended in Jul. 2022 was 0.01.

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 8i Acquisition 2's Debt-to-Equity or its related term are showing as below:

LAX's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

8i Acquisition 2 Debt-to-Equity Historical Data

The historical data trend for 8i Acquisition 2'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.

8i Acquisition 2 Debt-to-Equity Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

Debt-to-Equity

13.66

0.01

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Debt-to-Equity	Get a 7-Day Free Trial			13.66	-24.75	-	0.01	0.01

Competitive Comparison of 8i Acquisition 2's Debt-to-Equity

For the Shell Companies subindustry, 8i Acquisition 2'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.

8i Acquisition 2's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 8i Acquisition 2's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 8i Acquisition 2's Debt-to-Equity falls into.

8i Acquisition 2 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

8i Acquisition 2's Debt to Equity Ratio for the fiscal year that ended in Jul. 2022 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
	=	(0.8	+	0)	/	82.046
	=	0.01

8i Acquisition 2's Debt to Equity Ratio for the quarter that ended in Jul. 2022 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
	=	(0.8	+	0)	/	82.046
	=	0.01

8i Acquisition 2 (NAS:LAX) 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.

8i Acquisition 2 Debt-to-Equity Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817