Cascade Acquisition (Cascade Acquisition) EBIT : $-2.36 Mil (TTM As of Mar. 2022)

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What is Cascade Acquisition EBIT?

Cascade Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $-0.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-2.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cascade Acquisition's annualized ROC % for the quarter that ended in Mar. 2022 was -1.18%. Cascade Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cascade Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -0.81%.

Cascade Acquisition EBIT Historical Data

The historical data trend for Cascade Acquisition's EBIT 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.

Cascade Acquisition EBIT Chart

Cascade Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-2.01

Cascade Acquisition Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT	Get a 7-Day Free Trial			-0.33	-1.07	-0.30	-0.31	-0.68

Competitive Comparison of Cascade Acquisition's EBIT

For the Shell Companies subindustry, Cascade Acquisition's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Cascade Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cascade Acquisition's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cascade Acquisition's EV-to-EBIT falls into.

Cascade Acquisition EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.36 Mil.

Cascade Acquisition (NYSE:CAS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cascade Acquisition's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	-2.736 * ( 1 - 0% )	/	( (232.387	+	232.393)	/ 2 )
=	-2.736	/	232.39
=	-1.18 %

where

	Invested Capital		(Q: Dec. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	232.897	-	1.042	-	( 0.379	-	max(0, 1.042	-	0.51	+	0.379	))
=	232.387

	Invested Capital		(Q: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	232.654	-	1.39	-	( 0.161	-	max(0, 1.39	-	0.261	+	0.161	))
=	232.393

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Cascade Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.736	/	( ( (0 + max(-0.911, 0))	+	(0 + max(-1.29, 0)) )	/	2 )
=	-2.736	/	( ( 0	+	0 )	/	2 )
=	-2.736	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.131)	-	(1.042	+	0	+	0)
=	-0.911

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.1)	-	(1.39	+	0	+	0)
=	-1.29

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cascade Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	-2.361	/	290.204
	=	-0.81 %

Cascade Acquisition EBIT Related Terms

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Cascade Acquisition (Cascade Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cascade Acquisition Corp (NYSE:CAS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Sunset Harbour Dr., Suite 2102, Miami Beach, FL, USA, 33139

Website

https://www.cascadespac.com

Cascade Acquisition Corp is a blank check company. It is formed for the purpose of entering a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Roy A Guthrie	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Clayton Deutsch	director	TEN POST OFFICE SQUARE, BOSTON MA 02109
Daniel J. Hirsch	officer: Chief Operating Officer & CFO	748 DIAMOND STREET, SAN FRANCISCO CA 94114
Julia S Gouw	director	415 HUNTINGTON DRIVE, SAN MARINO CA 91108
Jay N. Levine	director, 10 percent owner, officer: Chief Executive Officer	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Cascade Acquisition Holdings Llc	10 percent owner	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Gene Weil	director, 10 percent owner	1900 SUNSET HARBOUR DR. SUITE 2102, MIAMI BEACH FL 33139
Kevin Ryan	director	1900 SUNSET HARBOUR DRIVE SUITE 2102, MIAMI BEACH FL 33139