Horizon Space Acquisition I (Horizon Space Acquisition I) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Horizon Space Acquisition I Debt-to-Equity?

Horizon Space Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.48 Mil. Horizon Space Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Horizon Space Acquisition I's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $57.29 Mil. Horizon Space Acquisition I'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 Horizon Space Acquisition I's Debt-to-Equity or its related term are showing as below:

HSPOW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 7
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Horizon Space Acquisition I was 7.00. The lowest was 0.00. And the median was 0.01.

HSPOW's Debt-to-Equity is ranked better than
99.66% of 295 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs HSPOW: 0.01

Horizon Space Acquisition I Debt-to-Equity Historical Data

The historical data trend for Horizon Space Acquisition I'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.

Horizon Space Acquisition I Debt-to-Equity Chart

Horizon Space Acquisition I Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

Horizon Space Acquisition I Semi-Annual Data
	Aug22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	0.01

Competitive Comparison of Horizon Space Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Horizon Space Acquisition I'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.

Horizon Space Acquisition I's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Horizon Space Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Space Acquisition I'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
	=	(0.28	+	0)	/	65.417
	=	0.00

Horizon Space Acquisition I'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
	=	(0.48	+	0)	/	57.286
	=	0.01

Horizon Space Acquisition I (NAS:HSPOW) 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.

Horizon Space Acquisition I Debt-to-Equity Related Terms

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Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HSPO:USA

Address

1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018

Website

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

From GuruFocus

Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023

Horizon Space Acquisition I Corp. Announces Closing of $69 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 12-28-2022