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Legato Merger III (Legato Merger III) Cash-to-Debt : 0.00 (As of Nov. 2023)


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What is Legato Merger III 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. Legato Merger III's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.00.

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, Legato Merger III couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Legato Merger III's Cash-to-Debt or its related term are showing as below:

LEGT's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.45
* Ranked among companies with meaningful Cash-to-Debt only.

Legato Merger III Cash-to-Debt Historical Data

The historical data trend for Legato Merger III'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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Legato Merger III Cash-to-Debt Chart

Legato Merger III Annual Data
Trend
Cash-to-Debt

Legato Merger III Quarterly Data
Nov23
Cash-to-Debt -

Competitive Comparison of Legato Merger III's Cash-to-Debt

For the Shell Companies subindustry, Legato Merger III'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.


Legato Merger III's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Legato Merger III's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Legato Merger III's Cash-to-Debt falls into.



Legato Merger III 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.

Legato Merger III's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Legato Merger III's Cash to Debt Ratio for the quarter that ended in Nov. 2023 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.


Legato Merger III  (AMEX:LEGT) 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.


Legato Merger III Cash-to-Debt Related Terms

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


Legato Merger III (Legato Merger III) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
777 Third Avenue, 37th Floor, New York, NY, USA, 10017
Website
Legato Merger Corp III is a blank check company.

Legato Merger III (Legato Merger III) Headlines

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