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Northern Revival Acquisition (Northern Revival Acquisition) Debt-to-Equity : 0.05 (As of Sep. 2023)


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What is Northern Revival Acquisition Debt-to-Equity?

Northern Revival Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.82 Mil. Northern Revival Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Northern Revival Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $16.21 Mil. Northern Revival Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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 Northern Revival Acquisition's Debt-to-Equity or its related term are showing as below:

NRAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.05
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Northern Revival Acquisition was 0.05. The lowest was 0.02. And the median was 0.04.

NRAC's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs NRAC: 0.05

Northern Revival Acquisition Debt-to-Equity Historical Data

The historical data trend for Northern Revival 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.

Northern Revival Acquisition Debt-to-Equity Chart

Northern Revival Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
-7.50 - -

Northern Revival Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.02 0.04 0.05

Competitive Comparison of Northern Revival Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Northern Revival 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.

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

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

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


Northern Revival Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northern Revival Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 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 + 0) / 234.256
=0.00

Northern Revival Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.819 + 0) / 16.209
=0.05

* 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.

Northern Revival Acquisition  (NAS:NRAC) 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.

Northern Revival Acquisition Debt-to-Equity Related Terms

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Northern Revival Acquisition (Northern Revival Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Revival Acquisition Corp (NAS:NRAC) » Definitions » Debt-to-Equity
Comparable Companies
AACI ARYD PUCK MOBV USCT EAC TMTC WRAC EMCG GLLI PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
NRACU:USA
Address
4001 Kennett Pike, Suite 302, Wilmington, DE, USA, 19807
Website
https://nraccorp.com
Northern Revival Acquisition Corp is a 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.