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TB Acquisition (TB Acquisition) Cash-to-Debt : 0.09 (As of Sep. 2022)


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What is TB 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. TB Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.09.

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, TB Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 TB Acquisition's Cash-to-Debt or its related term are showing as below:

TBSAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09   Med: 5000.42   Max: No Debt
Current: 0.09

During the past 1 years, TB Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 5000.42.

TBSAU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs TBSAU: 0.09

TB Acquisition Cash-to-Debt Historical Data

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

TB Acquisition Annual Data
Trend Dec21
Cash-to-Debt
No Debt

TB Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt 0.83 0.54 0.09

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

For the Shell Companies subindustry, TB 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.

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

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

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


TB 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.

TB Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

TB Acquisition had no debt (1).

TB Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.047 / (0 + 0.518)
=0.09

* 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.

TB Acquisition  (NAS:TBSAU) 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.

TB Acquisition Cash-to-Debt Related Terms

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

TB Acquisition (TB Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TB SA Acquisition Corp (NAS:TBSAU) » Definitions » Cash-to-Debt
Comparable Companies
SEDA BGSX HPLT EDNC ORIA OPA SRSA FHLT TCAC PRLH
Traded in Other Exchanges
N/A
Address
Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY-11101
Website
TB SA Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Neal Moszkowski 10 percent owner 65 EAST 55TH STREET, 19TH FLOOR, NEW YORK NY 10022
Ramez Sousou 10 percent owner 65 EAST 55TH STREET, 19TH FLOOR, NEW YORK NY 10022
Andrew Rolfe director, officer: Chief Executive Officer 4 BATTERYMARCH PARK, QUINCY MA 02169
Tcp Sa, Llc 10 percent owner UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104
Gareth Penny director C/O TOWERBROOK CAPITAL, UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104
Ziyanda Ntshona director C/O TOWERBROOK CAPITAL, UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104
James Crawley officer: Chief Financial Officer C/O TOWERBROOK CAPITAL, UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104
Radebe Healthcare Llc other: See Remarks C/O TOWERBROOK CAPITAL, UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104
Thando Mhlambiso director C/O TOWERBROOK CAPITAL, UGLAND HOUSE, BOX 309, GRAND CAYMAN E9 KY1-1104