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Redwoods Acquisition (Redwoods Acquisition) Debt-to-Equity : 0.14 (As of Dec. 2023)


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What is Redwoods Acquisition Debt-to-Equity?

Redwoods Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.07 Mil. Redwoods Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.54 Mil. Redwoods Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11.21 Mil. Redwoods Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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

RWOD' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.25   Med: -1.05   Max: 0.14
Current: 0.14

During the past 3 years, the highest Debt-to-Equity Ratio of Redwoods Acquisition was 0.14. The lowest was -2.25. And the median was -1.05.

RWOD's Debt-to-Equity is ranked worse than
53.04% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs RWOD: 0.14

Redwoods Acquisition Debt-to-Equity Historical Data

The historical data trend for Redwoods 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.

Redwoods Acquisition Debt-to-Equity Chart

Redwoods Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
-2.25 - 0.14

Redwoods Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 0.02 0.02 0.14

Competitive Comparison of Redwoods Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Redwoods 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.

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

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

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


Redwoods Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Redwoods 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
=(0.065 + 1.54) / 11.214
=0.14

Redwoods Acquisition'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
=(0.065 + 1.54) / 11.214
=0.14

* 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.

Redwoods Acquisition  (NAS:RWOD) 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.

Redwoods Acquisition Debt-to-Equity Related Terms

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

Redwoods Acquisition (Redwoods Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Redwoods Acquisition Corp (NAS:RWOD) » Definitions » Debt-to-Equity
Comparable Companies
NBST QDRO ONYX BOWN TBMC BLAC VCXA ADEX PMGM GODN PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1115 Broadway, 12th Floor, New York, NY, USA, 10010
Website
Redwoods Acquisition Corp is a is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Executives
Jiande Chen director, officer: Chief Executive Officer IMAX CORPORATION, A401-410 TOMORROW SQUA, SHANGHAI F4 200003
Raymond John Gibbs director 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Wang Cong Edward director, officer: Chief Financial Officer 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Redwoods Capital Llc 10 percent owner 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Weikwang Ng director 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Hong Jeff Li director 1115 BROADWAY, 12TH FLOOR, NEW YORK NM 10010