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TenX Keane Acquisition (TenX Keane Acquisition) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is TenX Keane Acquisition Debt-to-Equity?

TenX Keane Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.32 Mil. TenX Keane Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. TenX Keane Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $70.58 Mil. TenX Keane Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

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

During the past 3 years, the highest Debt-to-Equity Ratio of TenX Keane Acquisition was 0.02. The lowest was 0.02. And the median was 0.02.

TENK's Debt-to-Equity is ranked better than
90.07% of 302 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs TENK: 0.02

TenX Keane Acquisition Debt-to-Equity Historical Data

The historical data trend for TenX Keane 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.

TenX Keane Acquisition Debt-to-Equity Chart

TenX Keane Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.02

TenX Keane Acquisition Quarterly Data
Dec21 Dec22 Dec23
Debt-to-Equity - - 0.02

Competitive Comparison of TenX Keane Acquisition's Debt-to-Equity

For the Shell Companies subindustry, TenX Keane 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.

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

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

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


TenX Keane Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TenX Keane 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
=(1.32 + 0) / 70.578
=0.02

TenX Keane 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
=(1.32 + 0) / 70.578
=0.02

* 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.

TenX Keane Acquisition  (NAS:TENK) 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.

TenX Keane Acquisition Debt-to-Equity Related Terms

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

TenX Keane Acquisition (TenX Keane Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TenX Keane Acquisition (NAS:TENK) » Definitions » Debt-to-Equity
Comparable Companies
ATMV CNGL HSPO LATG MARX GAMC ATMC FSRX NCAC IMAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
420 Lexington Avenue, Suite 2446, New York, NY, USA, 10170
Website
TenX Keane Acquisition is a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Dahe Zhang director, 10 percent owner, officer: Chief Financial Officer 500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110
Joel David Mayersohn director 350 EAST LAS OLAS BLVD. #1150, FORT LAUDERDALE FL 33301
Cathy Jiang director NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, SHANXI PROVINCE F4 71000
10xyz Management Llc 10 percent owner NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, XI AN F4 71000
Xiaofeng Yuan director, 10 percent owner, officer: Chief Executive Officer NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, XIAN CITY F4 71000
Brian Shawn Hartzband director 500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110