Ankh II Capital (TSXV:AUNK.P) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Ankh II Capital 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. Ankh II Capital's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Ankh II Capital could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Ankh II Capital's Cash-to-Debt or its related term are showing as below:

TSXV:AUNK.P' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Ankh II Capital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:AUNK.P's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.39 vs TSXV:AUNK.P: No Debt

Ankh II Capital Cash-to-Debt Historical Data

The historical data trend for Ankh II Capital'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.

* Premium members only.

Ankh II Capital Cash-to-Debt Chart

Ankh II Capital Annual Data

Trend

Sep22

Sep23

Cash-to-Debt

No Debt

N/A

Ankh II Capital Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Ankh II Capital's Cash-to-Debt

For the Shell Companies subindustry, Ankh II Capital'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.

Ankh II Capital's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Ankh II Capital 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.

Ankh II Capital's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Ankh II Capital's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Ankh II Capital had no debt ⁽¹⁾.

Ankh II Capital (TSXV:AUNK.P) 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.

Ankh II Capital Cash-to-Debt Related Terms

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

Ankh II Capital (TSXV:AUNK.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ankh II Capital Inc (TSXV:AUNK.P) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 Howe Street, 20th Floor, Vancouver, BC, CAN, VC6 3R8

Website

Ankh II Capital Inc is a capital pool company.

Ankh II Capital (TSXV:AUNK.P) Headlines

No Headlines

Ankh II Capital (TSXV:AUNK.P) Cash-to-Debt : No Debt (1) (As of Mar. 2024)