Plum Acquisition I (Plum Acquisition I) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Plum Acquisition I Debt-to-Equity?

Plum Acquisition I's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.25 Mil. Plum Acquisition I's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Plum Acquisition I's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $22.36 Mil. Plum Acquisition I's debt to equity for the quarter that ended in Mar. 2024 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 Plum Acquisition I's Debt-to-Equity or its related term are showing as below:

PLMIU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.06
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Plum Acquisition I was 0.06. The lowest was 0.00. And the median was 0.03.

PLMIU's Debt-to-Equity is ranked better than
69.39% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs PLMIU: 0.06

Plum Acquisition I Debt-to-Equity Historical Data

The historical data trend for Plum 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.

Plum Acquisition I Debt-to-Equity Chart

Plum Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.05

Plum Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.03	0.03	0.05	0.05	0.06

Competitive Comparison of Plum Acquisition I's Debt-to-Equity

For the Shell Companies subindustry, Plum 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.

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

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

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

Plum Acquisition I Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plum 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
	=	(1.25	+	0)	/	26.322
	=	0.05

Plum 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
	=	(1.25	+	0)	/	22.361
	=	0.06

Plum Acquisition I (NAS:PLMIU) 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.

Plum Acquisition I Debt-to-Equity Related Terms

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

Plum Acquisition I (Plum Acquisition I) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PLMI:USA

Address

2021 Fillmore Street, Suite 2089, San Francisco, CA, USA, 94115

Website

https://www.plumpartners.com

Plum Acquisition Corp I is a blank check company.

Executives

Brian Kevin Turner	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Ursula M Burns	director, 10 percent owner, officer: Executive Chairwoman	200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432
Jennifer Ceran	director	C/O QUOTIENT TECHNOLOGY INC., 400 LOGUE AVE, MOUNTAIN VIEW CA 94043
Lane Bess	director	C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134
Kelly Wright	director	C/O TABLEAU SOFTWARE, INC., 837 NORTH 34TH ST., SUITE 200, SEATTLE WA 98103
Alok Sama	director	C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Plum Partners, Llc	director, 10 percent owner	2021 FILLMORE STREET, SUITE 2089, SAN FRANCISCO CA 94115
Mike John Dinsdale	director, 10 percent owner, officer: See Remarks	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Kanishka Roy	director, 10 percent owner, officer: President	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Vinodka Murria	director	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610

Plum Acquisition I (Plum Acquisition I) Headlines

From GuruFocus

Veea, Inc. and Plum Acquisition Corp. I Announce Letter of Intent for a Business Combination

By GlobeNewswire • 11-13-2023

GLAZER CAPITAL, LLC Acquires Stake in Plum Acquisition Corp I

By GuruFocus Research • 07-12-2023