Heartland Media Acquisition (Heartland Media Acquisition) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Mar. 2023)

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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. Heartland Media Acquisition's cash to debt ratio for the quarter that ended in Mar. 2023 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, Heartland Media Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Heartland Media Acquisition's Cash-to-Debt or its related term are showing as below:

HMA's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.43
* Ranked among companies with meaningful Cash-to-Debt only.

Heartland Media Acquisition Cash-to-Debt Historical Data

The historical data trend for Heartland Media 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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Heartland Media Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.30

No Debt

Heartland Media Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt					No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Shell Companies subindustry, Heartland Media 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.

Heartland Media Acquisition Cash-to-Debt Distribution

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

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

Heartland Media 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.

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

Heartland Media Acquisition had no debt ⁽¹⁾.

Heartland Media Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Heartland Media Acquisition had no debt ⁽¹⁾.

Heartland Media Acquisition (NYSE:HMA) 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.

Heartland Media Acquisition Cash-to-Debt Related Terms

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

Heartland Media Acquisition (Heartland Media Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Heartland Media Acquisition Corp (NYSE:HMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3282 Northside Parkway, Suite 275, Atlanta, GA, USA, 30327

Website

https://www.heartlandmediaacquisition.com

Heartland Media Acquisition Corp is a blank check company.

Executives

Prather Robert S Jr	director, 10 percent owner, officer: Chief Executive Officer
Heartland Sponsor Llc	10 percent owner	3282 NORTHSIDE PKWY NW, STE 275, ATLANTA GA 30327
Shawn Pack	officer: Chief Financial Officer	C/O HEARTLAND MEDIA ACQUISITION CORP., 3282 NORTHSIDE PKWY, SUITE 275, ATLANTA GA 30327
Alan J Weber	director	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
John S Zieser	director	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Salvatore Muoio	director	C/O LYNCH INTERACTIVE CORP, 401 THEODORE FREMD AVE, RYE NY 10580
Steven Todd Shapiro	director	C/O GOLDENTREE ASSET MANAGEMENT, 300 PARK AVENUE, NEW YORK NY 10022

Heartland Media Acquisition (Heartland Media Acquisition) Headlines

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