Cartesian Growth II (Cartesian Growth II) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Cartesian Growth II 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. Cartesian Growth II's cash to debt ratio for the quarter that ended in Dec. 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, Cartesian Growth II couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Cartesian Growth II's Cash-to-Debt or its related term are showing as below:

RENE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.16
Current: 0.01

During the past 3 years, Cartesian Growth II's highest Cash to Debt Ratio was 0.16. The lowest was 0.01. And the median was 0.09.

RENE's Cash-to-Debt is ranked worse than
95.66% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs RENE: 0.01

Cartesian Growth II Cash-to-Debt Historical Data

The historical data trend for Cartesian Growth II'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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Cartesian Growth II Cash-to-Debt Chart

Cartesian Growth II Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.16

0.01

Cartesian Growth II Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				0.16	0.13	0.10	0.01	0.01

Competitive Comparison of Cartesian Growth II's Cash-to-Debt

For the Shell Companies subindustry, Cartesian Growth II'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.

Cartesian Growth II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Cartesian Growth II's Cash-to-Debt falls into.

Cartesian Growth II 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.

Cartesian Growth II's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.051	/	(0.3	+	3.677)
	=	0.01

Cartesian Growth II's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.051	/	(0.3	+	3.677)
	=	0.01

Cartesian Growth II (NAS:RENE) 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.

Cartesian Growth II Cash-to-Debt Related Terms

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

Cartesian Growth II (Cartesian Growth II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cartesian Growth Corp II (NAS:RENE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Fifth Avenue, 15th Floor, New York, NY, USA, 10017

Website

https://www.cartesiangrowth.com

Cartesian Growth Corp II is a blank check company.

Executives

Peter Yu	director, 10 percent owner, officer: See Remarks	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea Three-b, Lp	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVE., 15TH FLOOR, NEW YORK NY 10017
Bertrand P. Grabowski	director	C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Daniel Jeremy Karp	director	C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Beth Michelson	officer: Chief Financial Officer	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Cgc Ii Sponsor Llc	10 percent owner	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Luque Rafael De	director	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Sheryl Schwartz	director	C/O CARTESIAN GROWTH CORPORATION II, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Allan Leighton	director	C/O CARTESIAN GROWTH CORPORATION II, NEW YORK NY 10017