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Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Debt-to-Equity : 0.10 (As of Feb. 2024)


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What is Technology & Telecommunication Acquisition Debt-to-Equity?

Technology & Telecommunication Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $2.54 Mil. Technology & Telecommunication Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Technology & Telecommunication Acquisition's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $26.83 Mil. Technology & Telecommunication Acquisition's debt to equity for the quarter that ended in Feb. 2024 was 0.09.

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

TETE' s Debt-to-Equity Range Over the Past 10 Years
Min: -21.2   Med: 0.04   Max: 0.1
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of Technology & Telecommunication Acquisition was 0.10. The lowest was -21.20. And the median was 0.04.

TETE's Debt-to-Equity is ranked better than
58.16% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs TETE: 0.10

Technology & Telecommunication Acquisition Debt-to-Equity Historical Data

The historical data trend for Technology & Telecommunication 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.

Technology & Telecommunication Acquisition Debt-to-Equity Chart

Technology & Telecommunication Acquisition Annual Data
Trend Nov21 Nov22 Nov23
Debt-to-Equity
-21.20 - 0.07

Technology & Telecommunication Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.03 0.06 0.07 0.10

Competitive Comparison of Technology & Telecommunication Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Technology & Telecommunication 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.


Technology & Telecommunication Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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



Technology & Telecommunication Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Technology & Telecommunication Acquisition's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Technology & Telecommunication Acquisition's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

* 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.


Technology & Telecommunication Acquisition  (NAS:TETE) 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.


Technology & Telecommunication Acquisition Debt-to-Equity Related Terms

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Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200
Website
Technology & Telecommunication Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke officer: Chief Financial Officer NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130

Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Headlines