Newbury Street Acquisition (Newbury Street Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Newbury Street 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. Newbury Street Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Newbury Street Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NBST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.41 Max: No Debt
Current: 0.01

During the past 2 years, Newbury Street Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.41.

NBST's Cash-to-Debt is ranked worse than
95.61% of 547 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs NBST: 0.01

Newbury Street Acquisition Cash-to-Debt Historical Data

The historical data trend for Newbury Street 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.

* Premium members only.

Newbury Street Acquisition Cash-to-Debt Chart

Newbury Street Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.21

Newbury Street Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						0.93	0.21	0.41	0.01	0.01

Competitive Comparison of Newbury Street Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Newbury Street 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.

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

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

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

Newbury Street 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.

Newbury Street Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.084	/	(0.4	+	0)
	=	0.21

Newbury Street 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)
	=	0.013	/	(1.627	+	0)
	=	0.01

Newbury Street Acquisition (NAS:NBST) 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.

Newbury Street Acquisition Cash-to-Debt Related Terms

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

Newbury Street Acquisition (Newbury Street Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Newbury Street Acquisition Corp (NAS:NBST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NBSTU:USA

Address

121 High Street, Floor 3, Boston, MA, USA, 02110

Website

Newbury Street Acquisition Corp is a blank check company.

Newbury Street Acquisition (Newbury Street Acquisition) Headlines

From GuruFocus

Infinite Reality, Inc., Global Leader Delivering Immersive Digital Experiences, to Go Public Through Combination with Newbury Street Acquisition Corporation (NASDAQ: NBST)

By PRNewswire PRNewswire • 12-12-2022