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Global Star Acquisition (Global Star Acquisition) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is Global Star Acquisition Debt-to-Equity?

Global Star Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.59 Mil. Global Star Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Global Star Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $50.19 Mil. Global Star Acquisition's debt to equity for the quarter that ended in Mar. 2024 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 Global Star Acquisition's Debt-to-Equity or its related term are showing as below:

GLST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.03   Max: 8.81
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of Global Star Acquisition was 8.81. The lowest was 0.03. And the median was 0.03.

GLST's Debt-to-Equity is ranked better than
82.99% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs GLST: 0.03

Global Star Acquisition Debt-to-Equity Historical Data

The historical data trend for Global Star 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.

Global Star Acquisition Debt-to-Equity Chart

Global Star Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- - - 0.03

Global Star Acquisition Quarterly Data
Dec20 Mar21 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 - - 0.03 0.03 0.03

Competitive Comparison of Global Star Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Global Star 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.

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

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

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


Global Star Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Star 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
=(1.59 + 0) / 50.406
=0.03

Global Star 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
=(1.586 + 0) / 50.194
=0.03

* 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.

Global Star Acquisition  (NAS:GLST) 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.

Global Star Acquisition Debt-to-Equity Related Terms

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

Global Star Acquisition (Global Star Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Star Acquisition Inc (NAS:GLST) » Definitions » Debt-to-Equity
Comparable Companies
CETU ALOR OAKU LIBY BUJA YOTA HAIA NUBI FICV SWSS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1641 International Drive, Unit 208, McLean, VA, USA, 22102
Website
Global Star Acquisition Inc is a blank check company.
Executives
Chun Wing Lam director 1641 INTERNATIONAL DRIVE, UNIT 208, MCLEAN VA 22012
Cui Shan officer: Chief Financial Officer SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Chew Hai Chew Chwee director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Yang Kan Chong director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Kan Benny Mun Wai director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Anthony Ang director, 10 percent owner, officer: Chief Executive Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Jukka Rannila director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Nicholas Khoo officer: Chief Operating Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Global Star Acquisition 1 Llc 10 percent owner 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Stephen Drew director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012