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Iron Horse Acquisitions (Iron Horse Acquisitions) Cash-to-Debt : 0.32 (As of Mar. 2024)


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What is Iron Horse Acquisitions 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. Iron Horse Acquisitions's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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, Iron Horse Acquisitions couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Iron Horse Acquisitions's Cash-to-Debt or its related term are showing as below:

IROH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32   Med: 0.75   Max: 1.18
Current: 0.32

During the past 4 years, Iron Horse Acquisitions's highest Cash to Debt Ratio was 1.18. The lowest was 0.32. And the median was 0.75.

IROH's Cash-to-Debt is ranked worse than
68.5% of 527 companies
in the Diversified Financial Services industry
Industry Median: 4.95 vs IROH: 0.32

Iron Horse Acquisitions Cash-to-Debt Historical Data

The historical data trend for Iron Horse Acquisitions'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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Iron Horse Acquisitions Cash-to-Debt Chart

Iron Horse Acquisitions Annual Data
Trend Dec17 Dec21 Dec22 Dec23
Cash-to-Debt
- - - 1.18

Iron Horse Acquisitions Quarterly Data
Dec17 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial - N/A - 1.18 0.32

Competitive Comparison of Iron Horse Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, Iron Horse Acquisitions'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.


Iron Horse Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Iron Horse Acquisitions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Iron Horse Acquisitions's Cash-to-Debt falls into.



Iron Horse Acquisitions 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.

Iron Horse Acquisitions's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Iron Horse Acquisitions's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Iron Horse Acquisitions  (NAS:IROH) 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.


Iron Horse Acquisitions Cash-to-Debt Related Terms

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


Iron Horse Acquisitions (Iron Horse Acquisitions) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
875 Third Avenue, New York, NY, USA, 10022
Website
Iron Horse Acquisition Corp is a blank check company.

Iron Horse Acquisitions (Iron Horse Acquisitions) Headlines