TG Venture Acquisition (TG Venture Acquisition) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is TG Venture 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. TG Venture Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, TG Venture Acquisition 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 TG Venture Acquisition's Cash-to-Debt or its related term are showing as below:

TGVCU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.56 Max: No Debt
Current: 0.02

During the past 2 years, TG Venture Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 1.56.

TGVCU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs TGVCU: 0.02

TG Venture Acquisition Cash-to-Debt Historical Data

The historical data trend for TG Venture 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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TG Venture Acquisition Cash-to-Debt Chart

TG Venture Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

TG Venture Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	0.14	1.56	0.02

Competitive Comparison of TG Venture Acquisition's Cash-to-Debt

For the Shell Companies subindustry, TG Venture 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.

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

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

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

TG Venture 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.

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

TG Venture Acquisition had no debt ⁽¹⁾.

TG Venture 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)
	=	0.009	/	(0.469	+	0)
	=	0.02

TG Venture Acquisition (NAS:TGVCU) 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.

TG Venture Acquisition Cash-to-Debt Related Terms

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