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Clover Leaf Capital (Clover Leaf Capital) Debt-to-Equity : 1.65 (As of Mar. 2024)


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What is Clover Leaf Capital Debt-to-Equity?

Clover Leaf Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.14 Mil. Clover Leaf Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Clover Leaf Capital's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2.51 Mil. Clover Leaf Capital's debt to equity for the quarter that ended in Mar. 2024 was 1.65.

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 Clover Leaf Capital's Debt-to-Equity or its related term are showing as below:

CLOE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.61   Max: 9.67
Current: 1.65

During the past 3 years, the highest Debt-to-Equity Ratio of Clover Leaf Capital was 9.67. The lowest was 0.01. And the median was 0.61.

CLOE's Debt-to-Equity is ranked worse than
90.51% of 295 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs CLOE: 1.65

Clover Leaf Capital Debt-to-Equity Historical Data

The historical data trend for Clover Leaf Capital'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.

Clover Leaf Capital Debt-to-Equity Chart

Clover Leaf Capital Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- 0.26 0.73

Clover Leaf Capital Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.31 0.61 0.73 1.65

Competitive Comparison of Clover Leaf Capital's Debt-to-Equity

For the Shell Companies subindustry, Clover Leaf Capital'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.

Clover Leaf Capital's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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


Clover Leaf Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clover Leaf Capital'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
=(3.842 + 0) / 5.255
=0.73

Clover Leaf Capital's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
=(4.138 + 0) / 2.514
=1.65

* 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.

Clover Leaf Capital  (NAS:CLOE) 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.

Clover Leaf Capital Debt-to-Equity Related Terms

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

Clover Leaf Capital (Clover Leaf Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Clover Leaf Capital Corp (NAS:CLOE) » Definitions » Debt-to-Equity
Comparable Companies
ACAC INTE KYCH WTMA MACA LBBB AFAR OLIT ASPA ROSE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
C/o Yntegra Capital Investments, LLC, 1450 Brickell Avenue, Suite 2520, Miami, FL, USA, 33131
Website
https://www.cloverlcc.com
Clover Leaf Capital Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Felipe Maclean director, 10 percent owner, officer: President and CEO C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Luis A. Guerra officer: CFO and Treasurer C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Chris Rebentisch officer: COO and Secretary C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Yntegra Capital Investments, Llc 10 percent owner C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Victor Manuel Rocha director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Marcos Angelini director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Per Bjorkman director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131