Pegasus Digital Mobility Acquisition (Pegasus Digital Mobility Acquisition) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Pegasus Digital Mobility Acquisition Debt-to-Equity?

Pegasus Digital Mobility Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.92 Mil. Pegasus Digital Mobility Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Pegasus Digital Mobility Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $35.48 Mil. Pegasus Digital Mobility Acquisition's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

PGSS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.2
Current: 0.2

During the past 3 years, the highest Debt-to-Equity Ratio of Pegasus Digital Mobility Acquisition was 0.20. The lowest was 0.00. And the median was 0.10.

PGSS's Debt-to-Equity is ranked worse than
65.65% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs PGSS: 0.20

Pegasus Digital Mobility Acquisition Debt-to-Equity Historical Data

The historical data trend for Pegasus Digital Mobility 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.

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Pegasus Digital Mobility Acquisition Debt-to-Equity Chart

Pegasus Digital Mobility Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.20

Pegasus Digital Mobility Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-	0.02	0.09	0.15	0.20

Competitive Comparison of Pegasus Digital Mobility Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Pegasus Digital Mobility 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.

Pegasus Digital Mobility Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Pegasus Digital Mobility Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pegasus Digital Mobility 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
	=	(6.92	+	0)	/	35.483
	=	0.20

Pegasus Digital Mobility 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
	=	(6.92	+	0)	/	35.483
	=	0.20

Pegasus Digital Mobility Acquisition (NYSE:PGSS) 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.

Pegasus Digital Mobility Acquisition Debt-to-Equity Related Terms

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Pegasus Digital Mobility Acquisition (Pegasus Digital Mobility Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pegasus Digital Mobility Acquisition Corp (NYSE:PGSS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

71 Fort Street, George Town, P.O Box 500, Grand Cayman, CYM, KY1-1106

Website

https://www.pegasusdigitalmobility.com

Pegasus Digital Mobility Acquisition Corp is a newly incorporated blank check company.

Executives

Tenor Capital Management Co., L.p.	10 percent owner	810 SEVENTH AVENUE, SUITE 1905, NEW YORK NY 10019
Robin Shah	10 percent owner	810 SEVENTH AVENUE, NEW YORK NY 10019
Tenor Opportunity Master Fund, Ltd.	10 percent owner	810 SEVENTH AVENUE, SUITE 1905, NEW YORK NY 10019
Steven John Norris	director	PO BOX 85587, SAN DIEGO CA 92186
Jeffrey H Foster	director	401 9TH STREET, NW #600, WASHINGTON DC 20004
John N. Doherty	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Florian Wolf	director	260 MASON STREET, GREENWICH CT 06830
James Valentine Condon	director	260 MASON STREET, GREENWICH CT 06830
Ralf Speth	director, officer: Chief Executive Officer	260 MASON STREET, GREENWICH CT 06830
Stefan Berger	officer: Chief Investment Officer	260 MASON STREET, GREENWICH CT 06830
Pegasus Digital Mobility Sponsor Llc	10 percent owner	260 MASON STREET, GREENWICH CT 06830
Patrick J. Miller	director	260 MASON STREET, GREENWICH CT 06830
Faramaraz Jeremey Mistry	officer: Chief Financial Officer	260 MASON STREET, GREENWICH CT 06830