Rigel Resource Acquisition (Rigel Resource Acquisition) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Rigel Resource Acquisition Debt-to-Equity?

Rigel Resource Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.00 Mil. Rigel Resource Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Rigel Resource Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $254.06 Mil. Rigel Resource Acquisition's debt to equity for the quarter that ended in Mar. 2024 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 Rigel Resource Acquisition's Debt-to-Equity or its related term are showing as below:

RRAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.21 Med: 0 Max: 0.03
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Rigel Resource Acquisition was 0.03. The lowest was -15.21. And the median was 0.00.

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

Rigel Resource Acquisition Debt-to-Equity Historical Data

The historical data trend for Rigel Resource 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.

Rigel Resource Acquisition Debt-to-Equity Chart

Rigel Resource Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

Rigel Resource Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.01	0.02	0.02	0.03

Competitive Comparison of Rigel Resource Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Rigel Resource 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.

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

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

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

Rigel Resource Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rigel Resource Acquisition'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
	=	(5.557	+	0)	/	245.161
	=	0.02

Rigel Resource Acquisition'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
	=	(6.998	+	0)	/	254.057
	=	0.03

Rigel Resource Acquisition (NYSE:RRAC) 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.

Rigel Resource Acquisition Debt-to-Equity Related Terms

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

Rigel Resource Acquisition (Rigel Resource Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rigel Resource Acquisition Corp (NYSE:RRAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1045 Avenue of the Americas, 7 Bryant Park, Floor 25, New York, NY, USA, 10018

Website

http://www.rigelacquisition.com

Rigel Resource Acquisition Corp is a blank check company.

Executives

Rigel Resource Acquisition Holding Llc	10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jeff Feeley	officer: Chief Financial Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Nathaniel Abebe	director, officer: President	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jonathan Lamb	director, officer: Chief Executive Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Peter O'hagan	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Timothy Keating	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Kelvin Dushinsky	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Christine Coignard	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Oskar Lewnowski	director, 10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018

Rigel Resource Acquisition (Rigel Resource Acquisition) Headlines

From GuruFocus

Rigel Resource Acquisition Corp. Announces Non-Binding Letter of Intent to Acquire Metals Company

By Business Wire • 07-26-2023