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Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Debt-to-Equity : -0.02 (As of Dec. 2023)


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What is Atlantic Coastal Acquisition II Debt-to-Equity?

Atlantic Coastal Acquisition II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.16 Mil. Atlantic Coastal Acquisition II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Atlantic Coastal Acquisition II's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-8.52 Mil. Atlantic Coastal Acquisition II'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 Atlantic Coastal Acquisition II's Debt-to-Equity or its related term are showing as below:

ACAB' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.02   Med: 2.16   Max: 4.35
Current: -0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Atlantic Coastal Acquisition II was 4.35. The lowest was -0.02. And the median was 2.16.

ACAB's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.115 vs ACAB: -0.02

Atlantic Coastal Acquisition II Debt-to-Equity Historical Data

The historical data trend for Atlantic Coastal Acquisition II'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.

Atlantic Coastal Acquisition II Debt-to-Equity Chart

Atlantic Coastal Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
4.35 - -0.02

Atlantic Coastal Acquisition II Quarterly Data
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 - - - - -0.02

Competitive Comparison of Atlantic Coastal Acquisition II's Debt-to-Equity

For the Shell Companies subindustry, Atlantic Coastal Acquisition II'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.

Atlantic Coastal Acquisition II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Atlantic Coastal Acquisition II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic Coastal Acquisition II'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
=(0.16 + 0) / -8.522
=-0.02

Atlantic Coastal Acquisition II'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
=(0.16 + 0) / -8.522
=-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.

Atlantic Coastal Acquisition II  (NAS:ACAB) 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.

Atlantic Coastal Acquisition II Debt-to-Equity Related Terms

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

Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp II (NAS:ACAB) » Definitions » Debt-to-Equity
Comparable Companies
BYTS ATAK PGSS IXAQ CPTK COOL DECA BYN TCOA APXI PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
6 St Johns Lane, Floor 5, New York, NY, USA, 10013
Website
https://www.atlanticcoastalacquisition.com
Atlantic Coastal Acquisition Corp II is a blank check company.
Executives
Curtis Collar director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Dominick Schiano director 30275 OAKLEAF LANE, FRANKLIN MI 48025
Burt Jordan director, officer: President 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Jason Chryssicas director, officer: Chief Financial Officer 9 UPLAND LANE, ARMONK NY 10504
Shahraab Ahmad director, officer: Chaiman and CEO 49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord director 215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg director, officer: Chief Strategy Officer 700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon director 2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Ii Llc 10 percent owner 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Darren Stanwood director P.O. BOX 861, GLOUCESTER MA 01931