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Seaport Global Acquisition II (Seaport Global Acquisition II) Cash-to-Debt : 0.03 (As of Sep. 2023)


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What is Seaport Global Acquisition 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. Seaport Global Acquisition II's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Seaport Global Acquisition II couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Seaport Global Acquisition II's Cash-to-Debt or its related term are showing as below:

SGIIU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: No Debt   Max: No Debt
Current: 0.03

During the past 2 years, Seaport Global Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

SGIIU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.37 vs SGIIU: 0.03

Seaport Global Acquisition II Cash-to-Debt Historical Data

The historical data trend for Seaport Global Acquisition 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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Seaport Global Acquisition II Cash-to-Debt Chart

Seaport Global Acquisition II Annual Data
Trend Dec21 Dec22
Cash-to-Debt
No Debt No Debt

Seaport Global Acquisition II Quarterly Data
Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt No Debt 1.17 0.22 0.03

Competitive Comparison of Seaport Global Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, Seaport Global Acquisition 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.

Seaport Global Acquisition II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Seaport Global Acquisition 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.

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

Seaport Global Acquisition II had no debt (1).

Seaport Global Acquisition II'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)
=0.031 / (1.2 + 0)
=0.03

* 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.

Seaport Global Acquisition II  (NAS:SGIIU) 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.

Seaport Global Acquisition II Cash-to-Debt Related Terms

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Seaport Global Acquisition II (Seaport Global Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Seaport Global Acquisition II Corp (NAS:SGIIU) » Definitions » Cash-to-Debt
Comparable Companies
VHAQ GBBK HNRA IGTA INAQ FRLA HPLT FEXD RFAC GTAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
360 Madison Avenue, 20th Floor, New York, NY, USA, 10017
Website
https://www.seaportglobalacquisition2.com
Seaport Global Acquisition II Corp is a blank check company.