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Golden Arrow Merger (Golden Arrow Merger) Debt-to-Equity : -0.16 (As of Mar. 2024)


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What is Golden Arrow Merger Debt-to-Equity?

Golden Arrow Merger's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.06 Mil. Golden Arrow Merger's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Golden Arrow Merger's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-13.16 Mil. Golden Arrow Merger's debt to equity for the quarter that ended in Mar. 2024 was -0.16.

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 Golden Arrow Merger's Debt-to-Equity or its related term are showing as below:

GAMCU' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.17   Med: 0   Max: 0.16
Current: -0.16

During the past 3 years, the highest Debt-to-Equity Ratio of Golden Arrow Merger was 0.16. The lowest was -0.17. And the median was 0.00.

GAMCU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs GAMCU: -0.16

Golden Arrow Merger Debt-to-Equity Historical Data

The historical data trend for Golden Arrow Merger'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.

Golden Arrow Merger Debt-to-Equity Chart

Golden Arrow Merger Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - -0.17

Golden Arrow Merger Quarterly Data
Jan21 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 0.02 0.15 0.16 -0.17 -0.16

Competitive Comparison of Golden Arrow Merger's Debt-to-Equity

For the Shell Companies subindustry, Golden Arrow Merger'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.

Golden Arrow Merger's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Golden Arrow Merger's Debt-to-Equity falls into.


Golden Arrow Merger Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Arrow Merger'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
=(2.063 + 0) / -11.949
=-0.17

Golden Arrow Merger'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
=(2.063 + 0) / -13.163
=-0.16

* 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.

Golden Arrow Merger  (NAS:GAMCU) 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.

Golden Arrow Merger Debt-to-Equity Related Terms

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

Golden Arrow Merger (Golden Arrow Merger) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Golden Arrow Merger Corp (NAS:GAMCU) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
GAMC:USA
Address
10 E. 53rd Street, 13th Floor, New York, NY, USA, 10022
Website
https://www.goldenarrowspac.com
Golden Arrow Merger Corp is a blank check company.
Executives
Lloyd H Dean director 185 BERRY STREET, SUITE 300, SAN FRANCISCO CA 94107
Steven M Klosk director C/O CAMBREX CORP, ONE MEADOWLANDS PLZ, EAST RUTHERFORD NJ 07073
Brett H Barth director COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Andrew Rechtschaffen director, 10 percent owner C/O OBREM CAPITAL MANAGEMENT, LLC, 733 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017
Jack Hidary director 3 PARK AVENUE, NEW YORK NY 10016
Timothy C Babich 10 percent owner, officer: CEO & CFO 1901 N ROSELLE RD., SUITE 55, SCHAUMBURG IL 60195
Lance L. Hirt director, 10 percent owner LINDSAY GOLDBERG, 630 FIFTH AVENUE, 39TH FLOOR, NEW YORK NY 10111
Jacob Doft director, 10 percent owner C/O GOLDEN ARROW MERGER CORP., 10 E. 53RD STREET, 13TH FLOOR, NEW YORK NY 10022
Golden Arrow Sponsor, Llc 10 percent owner 10 E. 53RD STREET, 13TH FLOOR, NEW YORK NY 10022