Cartesian Growth II (Cartesian Growth II) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Cartesian Growth II Debt-to-Equity?

Cartesian Growth II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.30 Mil. Cartesian Growth II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.68 Mil. Cartesian Growth II's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $155.71 Mil. Cartesian Growth II's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Cartesian Growth II's Debt-to-Equity or its related term are showing as below:

RENE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 6.57
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Cartesian Growth II was 6.57. The lowest was 0.02. And the median was 0.03.

RENE's Debt-to-Equity is ranked better than
82.89% of 298 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs RENE: 0.03

Cartesian Growth II Debt-to-Equity Historical Data

The historical data trend for Cartesian Growth II'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.

Cartesian Growth II Debt-to-Equity Chart

Cartesian Growth II Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

6.57

0.02

0.03

Cartesian Growth II Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.02	0.02	0.01	0.02	0.03

Competitive Comparison of Cartesian Growth II's Debt-to-Equity

For the Shell Companies subindustry, Cartesian Growth II'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.

Cartesian Growth II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Cartesian Growth II's Debt-to-Equity falls into.

Cartesian Growth II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cartesian Growth II'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
	=	(0.3	+	3.677)	/	155.712
	=	0.03

Cartesian Growth II'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
	=	(0.3	+	3.677)	/	155.712
	=	0.03

Cartesian Growth II (NAS:RENE) 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.

Cartesian Growth II Debt-to-Equity Related Terms

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

Cartesian Growth II (Cartesian Growth II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cartesian Growth Corp II (NAS:RENE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Fifth Avenue, 15th Floor, New York, NY, USA, 10017

Website

https://www.cartesiangrowth.com

Cartesian Growth Corp II is a blank check company.

Executives

Peter Yu	director, 10 percent owner, officer: See Remarks	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea Three-b, Lp	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVE., 15TH FLOOR, NEW YORK NY 10017
Bertrand P. Grabowski	director	C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Daniel Jeremy Karp	director	C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Beth Michelson	officer: Chief Financial Officer	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Cgc Ii Sponsor Llc	10 percent owner	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Luque Rafael De	director	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Sheryl Schwartz	director	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Allan Leighton	director	C/O CARTESIAN GROWTH CORPORATION II, NEW YORK NY 10017