DHC Acquisition Corp.

NasdaqCM:DHCA Stock Report

Market Cap: US$101.7m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

DHC Acquisition Balance Sheet Health

Financial Health criteria checks 0/6

DHC Acquisition has a total shareholder equity of $-19.8M and total debt of $575.0K, which brings its debt-to-equity ratio to -2.9%. Its total assets and total liabilities are $49.3M and $69.1M respectively.

Key information

-2.90%

Debt to equity ratio

US$575.00k

Debt

Interest coverage ration/a
CashUS$60.85k
Equity-US$19.80m
Total liabilitiesUS$69.08m
Total assetsUS$49.28m

Recent financial health updates

Recent updates

Seeking Alpha • Jul 25

U.S.-financial services firm GloriFi to go public via ~$1.7B SPAC deal

GloriFi, a privately-held U.S. financial services provider, has agreed to go public via a merger with special purpose acquisition company DHC Acquisition Corp (NASDAQ:DHCA), in a deal that would value the combined entity at about $1.7B. At a price of $10/share, the transaction values GloriFi at a pro forma enterprise value of approximately $1.7B and is expected to close in Q1 2023, the company said in a statement on Monday. The deal would provide about $279M to GloriFi's balance sheet. GloriFi offers banking products such as credit cards, along with home and automobile insurance and mortgages. Once the proposed deal closes, the company would potentially trade on the Nasdaq under the requested ticker symbol “GLRI”. DHCA stock earlier closed +0.2% at $9.83.

Financial Position Analysis

Short Term Liabilities: DHCA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: DHCA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: DHCA has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: DHCA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: DHCA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if DHCA's interest payments on its debt are well covered by EBIT.

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/14 16:36
End of Day Share Price 2024/03/14 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DHC Acquisition Corp. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.