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SK Growth Opportunities (SK Growth Opportunities) Debt-to-Equity : 0.07 (As of Mar. 2024)


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What is SK Growth Opportunities Debt-to-Equity?

SK Growth Opportunities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.28 Mil. SK Growth Opportunities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.24 Mil. SK Growth Opportunities's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $95.56 Mil. SK Growth Opportunities's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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

SKGR' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.52   Med: 0.03   Max: 0.07
Current: 0.07

During the past 3 years, the highest Debt-to-Equity Ratio of SK Growth Opportunities was 0.07. The lowest was -6.52. And the median was 0.03.

SKGR's Debt-to-Equity is ranked better than
67.23% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs SKGR: 0.07

SK Growth Opportunities Debt-to-Equity Historical Data

The historical data trend for SK Growth Opportunities'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.

SK Growth Opportunities Debt-to-Equity Chart

SK Growth Opportunities Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- 0.03 0.06

SK Growth Opportunities Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only 0.03 0.03 0.03 0.06 0.07

Competitive Comparison of SK Growth Opportunities's Debt-to-Equity

For the Shell Companies subindustry, SK Growth Opportunities'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.

SK Growth Opportunities's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


SK Growth Opportunities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SK Growth Opportunities'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
=(5.62 + 0) / 95.679
=0.06

SK Growth Opportunities'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
=(1.28 + 5.24) / 95.557
=0.07

* 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.

SK Growth Opportunities  (NAS:SKGR) 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.

SK Growth Opportunities Debt-to-Equity Related Terms

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

SK Growth Opportunities (SK Growth Opportunities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SK Growth Opportunities Corp (NAS:SKGR) » Definitions » Debt-to-Equity
Comparable Companies
CDAQ PRLH SEDA JWSM HYAC IVCB LOCC LCAA BOCN RENE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
228 Park Avenue S, Suite 96693, New York, NY, USA, 10003
Website
https://skgrowthopportunities.com
SK Growth Opportunities Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Michael Noonen director C/O 8X8 INC, 2445 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
John A. Boehner director 401 N. MAIN STREET, WINSTON-SALEM NC 27101
Martin J. Payne director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Richard H. Chin director, officer: Chief Executive Officer C/O SK GROWTH, 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Auxo Capital Managers Llc 10 percent owner 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Derek Edward Jensen director, officer: Chief Financial Officer 3979 FREEDOM CIRCLE, SUITE 450, SANTA CLARA CA 95054