First Reserve Sustainable Growth (First Reserve Sustainable Growth) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is First Reserve Sustainable Growth 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. First Reserve Sustainable Growth's cash to debt ratio for the quarter that ended in Sep. 2022 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, First Reserve Sustainable Growth could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 First Reserve Sustainable Growth's Cash-to-Debt or its related term are showing as below:

FRSGU' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 1 years, First Reserve Sustainable Growth's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRSGU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs FRSGU: No Debt

First Reserve Sustainable Growth Cash-to-Debt Historical Data

The historical data trend for First Reserve Sustainable Growth'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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First Reserve Sustainable Growth Cash-to-Debt Chart

First Reserve Sustainable Growth Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

First Reserve Sustainable Growth Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of First Reserve Sustainable Growth's Cash-to-Debt

For the Shell Companies subindustry, First Reserve Sustainable Growth'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.

First Reserve Sustainable Growth's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, First Reserve Sustainable Growth's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Reserve Sustainable Growth's Cash-to-Debt falls into.

First Reserve Sustainable Growth 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.

First Reserve Sustainable Growth's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

First Reserve Sustainable Growth had no debt ⁽¹⁾.

First Reserve Sustainable Growth's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

First Reserve Sustainable Growth had no debt ⁽¹⁾.

First Reserve Sustainable Growth (NAS:FRSGU) 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.

First Reserve Sustainable Growth Cash-to-Debt Related Terms

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

First Reserve Sustainable Growth (First Reserve Sustainable Growth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Reserve Sustainable Growth Corp (NAS:FRSGU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Harbor Drive, Third Floor, Stamford, CT, USA, 06902

Website

https://www.frsgcorp.com

First Reserve Sustainable Growth Corp is a blank check company.

Executives

E. Perot Bissell	director	MAXUM PETROLEUM HOLDINGS, INC., 1455 EAST PUTNAM AVENUE, OLD GREENWICH CT 06870
Adam Grosser	director	FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
Gary Duane Reaves	director	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
Alex T Krueger	director, officer: Chairman of the Board
Neil Alan Wizel	director, officer: Chief Executive Officer	600 TRAVIS, SUITE 6000, HOUSTON TX 77002
Amy Francetic	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Mary Anne Brelinsky	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
First Reserve Sustainable Growth Sponsor Llc	10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Thomas S Amburgey	director, officer: Chief Financial Officer	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Marvin Odum	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902