Quantum Fintech Acquisition (Quantum Fintech Acquisition) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Quantum Fintech Acquisition Debt-to-Equity?

Quantum Fintech Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.48 Mil. Quantum Fintech Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Quantum Fintech Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $42.73 Mil. Quantum Fintech Acquisition's debt to equity for the quarter that ended in Sep. 2023 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 Quantum Fintech Acquisition's Debt-to-Equity or its related term are showing as below:

QFTA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Quantum Fintech Acquisition was 0.01. The lowest was 0.00. And the median was 0.00.

QFTA's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.115 vs QFTA: 0.01

Quantum Fintech Acquisition Debt-to-Equity Historical Data

The historical data trend for Quantum Fintech 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.

Quantum Fintech Acquisition Debt-to-Equity Chart

Quantum Fintech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

6.50

Quantum Fintech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.01	0.01	0.01

Competitive Comparison of Quantum Fintech Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Quantum Fintech 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.

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

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

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

Quantum Fintech Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quantum Fintech 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
	=	(0.48	+	0)	/	198.41
	=	0.00

Quantum Fintech 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
	=	(0.48	+	0)	/	42.733
	=	0.01

Quantum Fintech Acquisition (AMEX:QFTA) 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.

Quantum Fintech Acquisition Debt-to-Equity Related Terms

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

Quantum Fintech Acquisition (Quantum Fintech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Quantum Fintech Acquisition Corp (AMEX:QFTA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.qftacorp.com

Quantum Fintech Acquisition Corp is a blank check company.

Executives

Cable Car Capital Llc	10 percent owner	2261 MARKET STREET #4307, SAN FRANCISCO CA 94114
Jacob Ma-weaver	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Funicular Funds, Lp	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Sandip I Patel	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Richard Korhammer	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
John Schaible	director, officer: Chairman and CEO	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Quantum Ventures Llc	10 percent owner	4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Miguel Leon	director, officer: Chief Financial Officer	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Daniel V Caamano	director, officer: President	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Steven J. Carlson	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Thomas Jon Hammond	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607