East Resources Acquisition Co (East Resources Acquisition Co) Debt-to-Equity : 0.56 (As of Mar. 2023)

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What is East Resources Acquisition Co Debt-to-Equity?

East Resources Acquisition Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $5.49 Mil. East Resources Acquisition Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. East Resources Acquisition Co's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $9.82 Mil. East Resources Acquisition Co's debt to equity for the quarter that ended in Mar. 2023 was 0.56.

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

ERESU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.56
Current: 0.56

During the past 3 years, the highest Debt-to-Equity Ratio of East Resources Acquisition Co was 0.56. The lowest was 0.01. And the median was 0.01.

ERESU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs ERESU: 0.56

East Resources Acquisition Co Debt-to-Equity Historical Data

The historical data trend for East Resources Acquisition Co'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.

East Resources Acquisition Co Debt-to-Equity Chart

East Resources Acquisition Co Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.01

0.06

East Resources Acquisition Co Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial							0.01	0.01	0.07	0.06	0.56

Competitive Comparison of East Resources Acquisition Co's Debt-to-Equity

For the Shell Companies subindustry, East Resources Acquisition Co'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.

East Resources Acquisition Co's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

East Resources Acquisition Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

East Resources Acquisition Co'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
	=	(4.924	+	0)	/	80.594
	=	0.06

East Resources Acquisition Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5.49	+	0)	/	9.818
	=	0.56

East Resources Acquisition Co (NAS:ERESU) 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.

East Resources Acquisition Co Debt-to-Equity Related Terms

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East Resources Acquisition Co (East Resources Acquisition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » East Resources Acquisition Co (NAS:ERESU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7777 NW Beacon Square Boulevard, Boca Raton, FL, USA, 33487

Website

https://www.eastresources.com

East Resources Acquisition Co is a blank check company.

Executives

Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Phillip Gross	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Thomas A Lopus	director	650 WASHINGTON ROAD, SUITE 800, PITTSBURGH PA 15228
Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
William A. Fustos	director	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Jacob R. Long	officer: VP, Operations	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Benjamin N. Wingard	officer: VP, Business Development	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Hagerman Gary L. Jr.	director, officer: CFO and Treasurer	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Allen F. Sobol	director	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
John P. Sieminski	officer: GC & Secretary	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487