Prime Number Acquisition I (Prime Number Acquisition I) Cash-to-Debt : 0.32 (As of Jun. 2023)

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What is Prime Number Acquisition I 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. Prime Number Acquisition I's cash to debt ratio for the quarter that ended in Jun. 2023 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, Prime Number Acquisition I couldn't 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 Prime Number Acquisition I's Cash-to-Debt or its related term are showing as below:

PNACW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: No Debt Max: No Debt
Current: 0.32

During the past 2 years, Prime Number Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was No Debt.

PNACW's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.355 vs PNACW: 0.32

Prime Number Acquisition I Cash-to-Debt Historical Data

The historical data trend for Prime Number Acquisition I'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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Prime Number Acquisition I Cash-to-Debt Chart

Prime Number Acquisition I Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.36

No Debt

Prime Number Acquisition I Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	0.32

Competitive Comparison of Prime Number Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, Prime Number Acquisition I'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.

Prime Number Acquisition I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Prime Number Acquisition I 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.

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

Prime Number Acquisition I had no debt ⁽¹⁾.

Prime Number Acquisition I's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.113	/	(0.358	+	0)
	=	0.32

Prime Number Acquisition I (NAS:PNACW) 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.

Prime Number Acquisition I Cash-to-Debt Related Terms

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