Aurora Technology Acquisition (Aurora Technology Acquisition) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Aurora Technology Acquisition Debt-to-Equity?

Aurora Technology Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.41 Mil. Aurora Technology Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Aurora Technology Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $46.37 Mil. Aurora Technology Acquisition's debt to equity for the quarter that ended in Sep. 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 Aurora Technology Acquisition's Debt-to-Equity or its related term are showing as below:

ATAK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 16.2
Current: 0.03

During the past 2 years, the highest Debt-to-Equity Ratio of Aurora Technology Acquisition was 16.20. The lowest was 0.01. And the median was 0.02.

ATAK's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs ATAK: 0.03

Aurora Technology Acquisition Debt-to-Equity Historical Data

The historical data trend for Aurora Technology 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.

Aurora Technology Acquisition Debt-to-Equity Chart

Aurora Technology Acquisition Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

16.20

Aurora Technology Acquisition Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	0.01	0.02	0.03

Competitive Comparison of Aurora Technology Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Aurora Technology 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.

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

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

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

Aurora Technology Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aurora Technology 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	+	0)	/	199.259
	=	0.00

Aurora Technology 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
	=	(1.405	+	0)	/	46.374
	=	0.03

Aurora Technology Acquisition (NAS:ATAK) 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.

Aurora Technology Acquisition Debt-to-Equity Related Terms

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

Aurora Technology Acquisition (Aurora Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aurora Technology Acquisition Corp (NAS:ATAK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Embarcadero Center, Suite 1449, San Francisco, CA, USA, 94105

Website

https://www.aurora-acquisition.com

Aurora Technology Acquisition Corp is a blank check company.

Executives

Atac Sponsor Llc	10 percent owner	4 EMBARCADERO CENTER SUITE 1449, SAN FRANCISCO CA 94105
Zachary Wang	director, 10 percent owner, officer: CEO	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Cathryn Chen	director, 10 percent owner, officer: COO	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Yida Gao	director, 10 percent owner, officer: CFO	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
James Woolery	director	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Max Baucus	director	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Alec Hartman	director	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Sam Yam	director	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105
Paul Asquith	director	4 EMBARCADERO CENTER, SUITE 1449, SAN FRANCISCO CA 94105