Andretti Acquisition (Andretti Acquisition) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Andretti Acquisition Debt-to-Equity?

Andretti Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Andretti Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.45 Mil. Andretti Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $70.98 Mil. Andretti Acquisition's debt to equity for the quarter that ended in Dec. 2023 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 Andretti Acquisition's Debt-to-Equity or its related term are showing as below:

WNNR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 8.62 Max: 17.21
Current: 0.04

During the past 3 years, the highest Debt-to-Equity Ratio of Andretti Acquisition was 17.21. The lowest was 0.04. And the median was 8.62.

WNNR's Debt-to-Equity is ranked better than
77.66% of 291 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs WNNR: 0.04

Andretti Acquisition Debt-to-Equity Historical Data

The historical data trend for Andretti 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.

Andretti Acquisition Debt-to-Equity Chart

Andretti Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

17.21

0.04

Andretti Acquisition 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 Andretti Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Andretti 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.

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

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

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

Andretti Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Andretti 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	+	2.45)	/	70.975
	=	0.03

Andretti 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	+	2.45)	/	70.975
	=	0.03

Andretti Acquisition (NYSE:WNNR) 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.

Andretti Acquisition Debt-to-Equity Related Terms

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Andretti Acquisition (Andretti Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7615 Zionsville Road, Indianapolis, IN, USA, 46268

Website

https://andrettiacquisition.com

Andretti Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

William Matthew Brown	officer: See Remarks	331 N. MAIN ST., EULESS TX 76039
William J Sandbrook	director, officer: See Remarks	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
James W Keyes	director	4500 WESTGROVE DR. SUITE 222, ADDISON TX 75001
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Gerald D Putnam	director	100 SOUTH WACKER DRIVE, SUITE 1800, CHICAGO IL 60606
Michael Andretti	director, officer: See Remarks	4151 E. 96TH STREET, INDIANAPOLIS IN 46240
Andretti Sponsor Llc	director, 10 percent owner, officer: See Remarks	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
John J. Romanelli	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Zakary C. Brown	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268