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Distoken Acquisition (Distoken Acquisition) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Distoken Acquisition Debt-to-Equity?

Distoken Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.21 Mil. Distoken Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Distoken Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $40.73 Mil. Distoken Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

DIST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 6.28   Max: 9.38
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Distoken Acquisition was 9.38. The lowest was 0.00. And the median was 6.28.

DIST's Debt-to-Equity is ranked better than
99.65% of 288 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs DIST: 0.01

Distoken Acquisition Debt-to-Equity Historical Data

The historical data trend for Distoken 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.

Distoken Acquisition Debt-to-Equity Chart

Distoken Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
6.28 8.33 9.38 -

Distoken Acquisition Quarterly Data
Jun20 Sep20 Dec20 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 Premium Member Only Premium Member Only - - - - 0.01

Competitive Comparison of Distoken Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Distoken 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.

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

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

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


Distoken Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Distoken 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
=(0.06 + 0) / 40.694
=0.00

Distoken Acquisition'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
=(0.213 + 0) / 40.727
=0.01

* 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.

Distoken Acquisition  (NAS:DIST) 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.

Distoken Acquisition Debt-to-Equity Related Terms

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

Distoken Acquisition (Distoken Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Distoken Acquisition Corp (NAS:DIST) » Definitions » Debt-to-Equity
Comparable Companies
FNVT FTII CFFE NCAC GAMC MARX SZZL HSPO TENK ATMV PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
No. 2 Xiaoba Road, Unit 1006, Block C, Jinshangjun Park, Panlong District, Yunnan, Kunming, CHN
Website
Distoken Acquisition Corp is a blank check company.
Executives
John Wallace director 55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006
Xiaosen Sponsor Llc director, 10 percent owner, officer: CEO and Chairman UNIT 1006 BLOCK C, JINSHANGJUN PARK, KUNMING YUNNAN F4 000000
Jirong Lyu director, officer: Chief Financial Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Joseph Valenza director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Yiwen Ma officer: Chief Technology Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Ning Wang director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Jian Zhang director, 10 percent owner, officer: CEO and Chairman UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Zhanming Zhang officer: Chief Investment Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA RD, PANLONG, YUNNAN F4 000000