Embrace Change Acquisition (Embrace Change Acquisition) Cash-to-Debt : 0.90 (As of Sep. 2023)

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What is Embrace Change Acquisition Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Embrace Change Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.90.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Embrace Change Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Embrace Change Acquisition's Cash-to-Debt or its related term are showing as below:

EMCG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5000.45 Max: No Debt
Current: 0.9

During the past 2 years, Embrace Change Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5000.45.

EMCG's Cash-to-Debt is ranked worse than
59.53% of 551 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs EMCG: 0.90

Embrace Change Acquisition Cash-to-Debt Historical Data

The historical data trend for Embrace Change Acquisition's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Embrace Change Acquisition Cash-to-Debt Chart

Embrace Change Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.03

No Debt

Embrace Change Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	0.90

Competitive Comparison of Embrace Change Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Embrace Change Acquisition's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Embrace Change Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Embrace Change Acquisition's Cash-to-Debt falls into.

Embrace Change Acquisition Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Embrace Change Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Embrace Change Acquisition had no debt ⁽¹⁾.

Embrace Change Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.009	/	(0.01	+	0)
	=	0.90

Embrace Change Acquisition (NAS:EMCG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Embrace Change Acquisition Cash-to-Debt Related Terms

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

Embrace Change Acquisition (Embrace Change Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Embrace Change Acquisition Corp (NAS:EMCG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5186 Carroll Canyon Road, San Diego, CA, USA, 92121

Website

Embrace Change Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Jingyu Wang	director, officer: Chief Executive Officer	5/F, BUILDING A1, JUNHAO CENTRAL PARK PL, CHAOYANG DISTRICT, BEIJING F4 00000
Mo Zhou	director	SHUNYI DISTRICT, LONG YUAN VILLAS, UNIT 139, BEIJING F4 101319
Jiangping Xiao	director	801 W ADAMS ST, CHICAGO IL 60607
Yoann Delwarde	director, officer: Chief Executive Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Hang Zhou	director	10635 CALLE MAR DE MARIPOSA, APARTMENT 5314, SAN DIEGO CA 92130
Zheng Yuan	director, officer: Chief Financial Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Wuren Fubao Inc.	10 percent owner	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Richemont Gregory De	director	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000

Embrace Change Acquisition (Embrace Change Acquisition) Headlines

From GuruFocus

Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing

By GlobeNewswire • 12-27-2023

Embrace Change Acquisition Corp. Announces Closing of $73.9 Million Initial Public Offering

By PurpleRose PurpleRose • 08-12-2022