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ExcelFin Acquisition (ExcelFin Acquisition) Debt-to-Equity : 0.12 (As of Mar. 2024)


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What is ExcelFin Acquisition Debt-to-Equity?

ExcelFin Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.30 Mil. ExcelFin Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. ExcelFin Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $10.66 Mil. ExcelFin Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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

XFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.07   Med: 0   Max: 0.12
Current: 0.12

During the past 3 years, the highest Debt-to-Equity Ratio of ExcelFin Acquisition was 0.12. The lowest was -2.07. And the median was 0.00.

XFIN's Debt-to-Equity is ranked better than
52.7% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs XFIN: 0.12

ExcelFin Acquisition Debt-to-Equity Historical Data

The historical data trend for ExcelFin 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.

ExcelFin Acquisition Debt-to-Equity Chart

ExcelFin Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - 0.11

ExcelFin Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.02 0.03 0.11 0.12

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

For the Shell Companies subindustry, ExcelFin 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.

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

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

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


ExcelFin Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ExcelFin 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
=(1.297 + 0) / 12.184
=0.11

ExcelFin Acquisition'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
=(1.297 + 0) / 10.657
=0.12

* 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.

ExcelFin Acquisition  (NAS:XFIN) 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.

ExcelFin Acquisition Debt-to-Equity Related Terms

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

ExcelFin Acquisition (ExcelFin Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ExcelFin Acquisition Corp (NAS:XFIN) » Definitions » Debt-to-Equity
Comparable Companies
TCOA ENER PRSR BYNO SHAP ESAC TGLO COOL IXAQ KNSW PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
473 Jackson Street, Suite 300, San Francisco, CA, USA, 94111
Website
https://www.excelfinacquisitioncorp.com
ExcelFin Acquisition Corp is a blank check company.
Executives
Highbridge Capital Management Llc 10 percent owner 277 PARK AVE, 23RD FLOOR, NEW YORK NY 10172
Neil E Wolfson director C/O ON DECK CAPITAL INC., 1400 BROADWAY 25TH FLOOR, NEW YORK NY 10018
Ragan Joseph Douglas Iii officer: Chief Financial Officer 250 WEST 34TH STREET, #4125, NEW YORK CITY NY 10119
Alka Gupta other: Advisory Board Member 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Brady W Dougan other: Advisory Board Member 35 WILSHIRE ROAD, GREENWICH CT 06831
Warren B Riley officer: Chief Operating Officer C/O OAK INVESTMENT PARTNERS, 901 MAIN AVENUE SUITE 600, NORWALK CT 06851
Logan William Allin director, officer: Chief Executive Officer 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111
Goh Lin Piao director 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111
Gary Meltzer director 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111
Zhouchuan Sun officer: Executive Vice President 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111
Hill Jennifer Murphy director 473 JACKSON STREET, SUITE 300, SAN FRANCISCO CA 94111
Excelfin Spac Llc 10 percent owner 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111
Grand Fortune Capital, Llc 10 percent owner 600 NEWPORT CENTER DRIVE, SUITE 1250, NEWPORT BEACH CA 92660
Grand Fortune Capital (hk) Co Ltd 10 percent owner ROOM 603, 6/F, HARBOUR CRYSTAL CENTRE, 100 GRANVILLE ROAD, TSIM SHA TSUI K3 00000