Adit Edtech Acquisition (Adit Edtech Acquisition) Debt-to-Equity : 0.32 (As of Sep. 2023)

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What is Adit Edtech Acquisition Debt-to-Equity?

Adit Edtech Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.94 Mil. Adit Edtech Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Adit Edtech Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $6.00 Mil. Adit Edtech Acquisition's debt to equity for the quarter that ended in Sep. 2023 was 0.32.

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

ADEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.32
Current: 0.32

During the past 3 years, the highest Debt-to-Equity Ratio of Adit Edtech Acquisition was 0.32. The lowest was 0.00. And the median was 0.00.

ADEX's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs ADEX: 0.32

Adit Edtech Acquisition Debt-to-Equity Historical Data

The historical data trend for Adit Edtech 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.

Adit Edtech Acquisition Debt-to-Equity Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

6.25

0.02

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							-	0.02	0.08	0.12	0.32

Competitive Comparison of Adit Edtech Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Adit Edtech 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.

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

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

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

Adit Edtech Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adit Edtech Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.3	+	0)	/	12.849
	=	0.02

Adit Edtech Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.942	+	0)	/	6
	=	0.32

Adit Edtech Acquisition (AMEX:ADEX) 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.

Adit Edtech Acquisition Debt-to-Equity Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462