Papaya Growth Opportunity I (Papaya Growth Opportunity I) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Papaya Growth Opportunity I Debt-to-Equity?

Papaya Growth Opportunity I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.62 Mil. Papaya Growth Opportunity I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Papaya Growth Opportunity I's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4.44 Mil. Papaya Growth Opportunity I's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Papaya Growth Opportunity I's Debt-to-Equity or its related term are showing as below:

PPYA' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.13 Med: -8.77 Max: 0.59
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of Papaya Growth Opportunity I was 0.59. The lowest was -18.13. And the median was -8.77.

PPYA's Debt-to-Equity is ranked worse than
81.14% of 297 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs PPYA: 0.59

Papaya Growth Opportunity I Debt-to-Equity Historical Data

The historical data trend for Papaya Growth Opportunity 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.

Papaya Growth Opportunity I Debt-to-Equity Chart

Papaya Growth Opportunity I Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-18.13

0.59

Papaya Growth Opportunity I Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	0.02	0.51	0.59

Competitive Comparison of Papaya Growth Opportunity I's Debt-to-Equity

For the Shell Companies subindustry, Papaya Growth Opportunity 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.

Papaya Growth Opportunity I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Papaya Growth Opportunity I's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Papaya Growth Opportunity I's Debt-to-Equity falls into.

Papaya Growth Opportunity I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Papaya Growth Opportunity 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
	=	(2.624	+	0)	/	4.444
	=	0.59

Papaya Growth Opportunity I's Debt to Equity Ratio for the quarter 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
	=	(2.624	+	0)	/	4.444
	=	0.59

Papaya Growth Opportunity I (NAS:PPYA) 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.

Papaya Growth Opportunity I Debt-to-Equity Related Terms

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

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Papaya Growth Opportunity Corp I (NAS:PPYA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2201 Broadway, Suite 750, Oakland, CA, USA, 94612

Website

https://www.papayagrowth.com

Papaya Growth Opportunity Corp I is a blank check company.

Executives

Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Neil B Herceg	director	2201 BROADWAY, #705, OAKLAND CA 94612
Daniel A Murillo	director	2201 BROADWAY, #705, OAKLAND CA 94612
Timothy J Schenk	director	2201 BROADWAY, #705, OAKLAND CA 94612
Alex Spiro	officer: President	25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Dave Yarnold	director	C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Patricia Nakache	director	325 SHARON PARK DR., #458, MENLO PARK CA 94025
Diana A Sklar	director	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Daniel C Rogers	officer: CFO and Secretary	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Papaya Growth Opportunity I Sponsor, Llc	10 percent owner	2201 BROADWAY, SUITE 750, OAKLAND CA 94612
Patrick Pohlen	director	C/O MNTN DIGITAL, INC., 201 W. 5TH STREET, 11TH FLOOR, AUSTIN TX 78701

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Headlines

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