two (TWOA) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is two Debt-to-Equity?

two's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.50 Mil. two's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. two's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $41.51 Mil. two's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

TWOA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.04
Current: 0.04

During the past 3 years, the highest Debt-to-Equity Ratio of two was 0.04. The lowest was 0.04. And the median was 0.04.

TWOA's Debt-to-Equity is ranked better than
77.55% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs TWOA: 0.04

two Debt-to-Equity Historical Data

The historical data trend for two'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.

two Debt-to-Equity Chart

two Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

two Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.01	0.02	0.04

Competitive Comparison of two's Debt-to-Equity

For the Shell Companies subindustry, two'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.

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

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

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

two Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

two'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
	=	(1.5	+	0)	/	41.508
	=	0.04

two'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
	=	(1.5	+	0)	/	41.508
	=	0.04

two (NYSE:TWOA) 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.

two Debt-to-Equity Related Terms

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

two (TWOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » two (NYSE:TWOA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 Kearny Street, Suite 610, San Francisco, CA, USA, 94133

Website

https://www.a-star.co

two is a blank check company.

Executives

Gloria Fu	director	3485 N. PINES WAY, SUITE 110, WILSON WY 83014
Nicholas Boris Geeza	officer: Chief Financial Officer	17 BEACH CLUB DRIVE, STATELINE NV 89449
Daniel J Hennessy	10 percent owner	10 SOUTH WACKER DRIVE, CHICAGO IL 60606
Milton Joseph Beck	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Thomas D Hennessy	director, 10 percent owner, officer: CEO	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Adam Blake	director	3485 N. PINES WAY, SUITE 110, WILSON WY 83014
Hc Proptech Partners Iii Llc	10 percent owner	3485 N. PINES WAY, SUITE 110, WILSON WY 83014
Hc Proptech Iii Llc	10 percent owner	3485 N. PINES WAY, SUITE 110, WILSON WY 22066
Troy Iii Steckenrider	10 percent owner, officer: Chief Financial Officer	16 FUNSTON AVE, SUITE A, SAN FRANCISCO CA 94129
Sponsor Two	10 percent owner	900 KEARNY ST STE 610, SAN FRANCISCO CT 94133
Kevin Hartz	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Pierre Lamond	director
Gautam Gupta	10 percent owner, officer: Co-Chief Executive Officer	16 FUNSTON, SUITE A, SAN FRANCISCO CA 94129
Michelle Gill	director	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129

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