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Onyx Acquisition Co I (Onyx Acquisition Co I) Debt-to-Equity : -4.09 (As of Mar. 2024)


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What is Onyx Acquisition Co I Debt-to-Equity?

Onyx Acquisition Co I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.44 Mil. Onyx Acquisition Co I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Onyx Acquisition Co I's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.35 Mil. Onyx Acquisition Co I's debt to equity for the quarter that ended in Mar. 2024 was -4.09.

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 Onyx Acquisition Co I's Debt-to-Equity or its related term are showing as below:

ONYX' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.09   Med: 0.06   Max: 1.91
Current: -4.09

During the past 3 years, the highest Debt-to-Equity Ratio of Onyx Acquisition Co I was 1.91. The lowest was -4.09. And the median was 0.06.

ONYX's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs ONYX: -4.09

Onyx Acquisition Co I Debt-to-Equity Historical Data

The historical data trend for Onyx Acquisition Co I'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.

Onyx Acquisition Co I Debt-to-Equity Chart

Onyx Acquisition Co I Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.19

Onyx Acquisition Co I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.02 0.10 0.19 -4.09

Competitive Comparison of Onyx Acquisition Co I's Debt-to-Equity

For the Shell Companies subindustry, Onyx Acquisition Co I'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.

Onyx Acquisition Co I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Onyx Acquisition Co I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Onyx Acquisition Co I'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
=(1.385 + 0) / 7.432
=0.19

Onyx Acquisition Co I'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
=(1.435 + 0) / -0.351
=-4.09

* 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.

Onyx Acquisition Co I  (NAS:ONYX) 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.

Onyx Acquisition Co I Debt-to-Equity Related Terms

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Onyx Acquisition Co I (Onyx Acquisition Co I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Onyx Acquisition Co I (NAS:ONYX) » Definitions » Debt-to-Equity
Comparable Companies
BOWN QDRO RWOD TBMC NBST VCXA BLAC GODN ADEX PMGM PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
104 5th Avenue, New York, NY, USA, 10011
Website
https://www.onyxacqu.com
Onyx Acquisition Co I is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Dan Gropper 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Carronade Capital Management, Lp 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Vr Advisory Services Ltd 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Vr Global Partners, L.p. 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Group Ltd. 10 percent owner DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755
Richard Deitz 10 percent owner NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB
Vr Capital Participation Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Holdings Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Onyx Acquisition Sponsor Co. Llc 10 percent owner 104 5TH AVENUE, NEW YORK NY 10011
Serena Rakhlin officer: General Counsel C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Zev Stern director, 10 percent owner, officer: CEO and Chairman C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Ryan Lehmann director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Matthew Vodola 10 percent owner, officer: Chief Financial Officer C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Neto Edmar Prado Lopes director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Benjamin Lerner 10 percent owner, officer: President C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011