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Aetherium Acquisition (Aetherium Acquisition) Debt-to-Equity : 0.06 (As of Dec. 2023)


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What is Aetherium Acquisition Debt-to-Equity?

Aetherium Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.42 Mil. Aetherium Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Aetherium Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24.42 Mil. Aetherium Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

GMFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.06   Max: 4.88
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Aetherium Acquisition was 4.88. The lowest was 0.00. And the median was 0.06.

GMFI's Debt-to-Equity is ranked better than
66.78% of 304 companies
in the Diversified Financial Services industry
Industry Median: 0.115 vs GMFI: 0.06

Aetherium Acquisition Debt-to-Equity Historical Data

The historical data trend for Aetherium 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.

Aetherium Acquisition Debt-to-Equity Chart

Aetherium Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
4.88 - 0.06

Aetherium Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 0.01 0.02 0.03 0.06

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

For the Shell Companies subindustry, Aetherium 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.

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

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

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


Aetherium Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aetherium 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
=(1.422 + 0) / 24.415
=0.06

Aetherium Acquisition's Debt to Equity Ratio for the quarter 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
=(1.422 + 0) / 24.415
=0.06

* 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.

Aetherium Acquisition  (NAS:GMFI) 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.

Aetherium Acquisition Debt-to-Equity Related Terms

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

Aetherium Acquisition (Aetherium Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aetherium Acquisition Corp (NAS:GMFI) » Definitions » Debt-to-Equity
Comparable Companies
FHLT MAQC EFHT PBAX BWAQ FORL NVAC OXUS KVSA TRON PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
79B Pemberwick Road, Greenwich, CT, USA, 06831
Website
https://www.aetheriumcorp.com
Aetherium Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Alex Benjamin Lee officer: Chief Financial Officer 109 BEVERLY ST., MOUNTAIN VIEW CA 94043
Aetherium Capital Holdings Llc 10 percent owner 109 BEVERLY ST., MOUNTAIN VIEW CA 94043
Jonathan Vincent Chan director, 10 percent owner, officer: Chief Executive Officer 109 BEVERLY ST, MOUNTAIN VIEW CA 94043
Mariana Kou director 79B PEMBERWICK RD, GREENWICH CT 06831
Charles Abelmann director 79B PEMBERWICK RD, GREENWICH CT 06831
Lim How Teck director 79B PEMBERWICK RD, GREENWICH CT 06831