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99 Acquisition Group (99 Acquisition Group) Debt-to-Equity : 4.48 (As of Jun. 2023)


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What is 99 Acquisition Group Debt-to-Equity?

99 Acquisition Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.09 Mil. 99 Acquisition Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. 99 Acquisition Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $0.02 Mil. 99 Acquisition Group's debt to equity for the quarter that ended in Jun. 2023 was 4.48.

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

During the past 2 years, the highest Debt-to-Equity Ratio of 99 Acquisition Group was 1.59. The lowest was 0.00. And the median was 0.80.

NNAG's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.125
* Ranked among companies with meaningful Debt-to-Equity only.

99 Acquisition Group Debt-to-Equity Historical Data

The historical data trend for 99 Acquisition Group'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.

99 Acquisition Group Debt-to-Equity Chart

99 Acquisition Group Annual Data
Trend Dec22 Dec23
Debt-to-Equity
1.59 -

99 Acquisition Group Quarterly Data
Dec22 Jun23 Dec23
Debt-to-Equity 1.59 4.48 -

Competitive Comparison of 99 Acquisition Group's Debt-to-Equity

For the Shell Companies subindustry, 99 Acquisition Group'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.

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

For the Diversified Financial Services industry and Financial Services sector, 99 Acquisition Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 99 Acquisition Group's Debt-to-Equity falls into.


99 Acquisition Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

99 Acquisition Group'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
=(0.103 + 0) / 74.361
=0.00

99 Acquisition Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.094 + 0) / 0.021
=4.48

* 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.

99 Acquisition Group  (NAS:NNAG) 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.

99 Acquisition Group Debt-to-Equity Related Terms

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99 Acquisition Group (99 Acquisition Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 99 Acquisition Group Inc (NAS:NNAG) » Definitions » Debt-to-Equity
Comparable Companies
PWUP HWEL BLUA CBRG DPCS CHAA EGGF TGAA PORT CITE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
14 Noblewood Ct,, Gaithersburg, MD, USA, 20878
Website
https://www.99acquisitiongroup.com
99 Acquisition Group Inc is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.