Financials Acquisition (LSE:FINS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Financials 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. Financials Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 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, Financials Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Financials Acquisition's Cash-to-Debt or its related term are showing as below:

LSE:FINS' 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 2 years, Financials Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Financials Acquisition Cash-to-Debt Historical Data

The historical data trend for Financials 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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Financials Acquisition Cash-to-Debt Chart

Financials Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

N/A

No Debt

Financials Acquisition Semi-Annual Data
	Jun23
Cash-to-Debt	No Debt

Competitive Comparison of Financials Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Financials 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.

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

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

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

Financials 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.

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

Financials Acquisition had no debt ⁽¹⁾.

Financials Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Financials Acquisition had no debt ⁽¹⁾.

Financials Acquisition (LSE:FINS) 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.

Financials Acquisition Cash-to-Debt Related Terms

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

Financials Acquisition (LSE:FINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financials Acquisition Corp (LSE:FINS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Conyers Trust Company (Cayman) Ltd, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, CYM, KY1-1111

Website

https://www.finsac.co.uk

Financials Acquisition Corp is a special purpose acquisition company incorporated under the laws of the Cayman Islands as an exempted company limited by shares for the purpose of completing a Business Combination with a company or business operating principally in the insurance or broader financial services industry.