Navigator Acquisition (TSXV:NAQ.P) Debt-to-Equity : -0.46 (As of Dec. 2023)

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What is Navigator Acquisition Debt-to-Equity?

Navigator Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. Navigator Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Navigator Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.10 Mil. Navigator Acquisition's debt to equity for the quarter that ended in Dec. 2023 was -0.46.

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

TSXV:NAQ.P' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.46 Med: -0.46 Max: -0.46
Current: -0.46

During the past 6 years, the highest Debt-to-Equity Ratio of Navigator Acquisition was -0.46. The lowest was -0.46. And the median was -0.46.

TSXV:NAQ.P's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs TSXV:NAQ.P: -0.46

Navigator Acquisition Debt-to-Equity Historical Data

The historical data trend for Navigator 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.

Navigator Acquisition Debt-to-Equity Chart

Navigator Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.46

Navigator Acquisition Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-0.46

Competitive Comparison of Navigator Acquisition's Debt-to-Equity

For the Shell Companies subindustry, Navigator 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.

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

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

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

Navigator Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Navigator 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
	=	(0.048	+	0)	/	-0.104
	=	-0.46

Navigator 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
	=	(0.048	+	0)	/	-0.104
	=	-0.46

Navigator Acquisition (TSXV:NAQ.P) 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.

Navigator Acquisition Debt-to-Equity Related Terms

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

Navigator Acquisition (TSXV:NAQ.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Navigator Acquisition Corp (TSXV:NAQ.P) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.navigatoracquisition.com

Navigator Acquisition Corp is engaged in identify and evaluate businesses and assets with a view to completing a Qualifying Transaction.

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