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

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What is OmniLit Acquisition Debt-to-Equity?

OmniLit Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.70 Mil. OmniLit Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. OmniLit Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $13.17 Mil. OmniLit 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 OmniLit Acquisition's Debt-to-Equity or its related term are showing as below:

OLITU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.05 Max: 12
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of OmniLit Acquisition was 12.00. The lowest was 0.05. And the median was 0.05.

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

OmniLit Acquisition Debt-to-Equity Historical Data

The historical data trend for OmniLit 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.

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OmniLit Acquisition Debt-to-Equity Chart

OmniLit Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

OmniLit Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	0.05	0.05

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

For the Shell Companies subindustry, OmniLit 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.

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

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

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

OmniLit Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OmniLit 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)	/	13.655
	=	0.00

OmniLit 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
	=	(0.695	+	0)	/	13.172
	=	0.05

OmniLit Acquisition (NAS:OLITU) 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.

OmniLit Acquisition Debt-to-Equity Related Terms

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