Monument Circle Acquisition (Monument Circle Acquisition) Cash-to-Debt

: 0.47 (As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

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. Monument Circle Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.47.

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

MON's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.31
* Ranked among companies with meaningful Cash-to-Debt only.

Monument Circle Acquisition Cash-to-Debt Historical Data

The historical data trend for Monument Circle 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.

* Premium members only.

Monument Circle Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

0.34

No Debt

Monument Circle Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	0.06	0.47

Competitive Comparison

For the Shell Companies subindustry, Monument Circle 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.

Monument Circle Acquisition Cash-to-Debt Distribution

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

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

Monument Circle 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.

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

Monument Circle Acquisition had no debt ⁽¹⁾.

Monument Circle 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)
	=	0.141	/	(0.3	+	0)
	=	0.47

Monument Circle Acquisition (NAS:MON) 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.

Monument Circle Acquisition Cash-to-Debt Related Terms

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

Monument Circle Acquisition (Monument Circle Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monument Circle Acquisition Corp (NAS:MON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

One EMMIS Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN, USA, 46204

Website

https://www.monumentcircleacquisition.com

Monument Circle Acquisition Corp is a blank check company.

Executives

Stanley P Gold	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Patrick M Walsh	director, officer: President, COO & Director	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan	director, 10 percent owner, officer: Chairman & CEO
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
J. Scott Enright	officer: EVP, Gen. Counsel & Secretary	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Emmis Operating Co	director, other: See footnote(2)	C/O EMMIS COMMUNICATIONS, 40 MONUMENT CIRCLE 7TH FLOOR, INDIANAPOLIS IN 46204
Stephen Goldsmith	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Monument Circle Sponsor Llc	other: See footnote(2)	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Traug Keller	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Chase Rupe	officer: SVP, Strategy & Corp. Dev.	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204

Monument Circle Acquisition (Monument Circle Acquisition) Headlines

From GuruFocus

Monument Circle Acquisition Corp. Announces The Separate Trading Of Its Class A Common Stock And Warrants, Commencing March 12, 2021

By PRNewswire PRNewswire • 03-09-2021

Monument Circle Acquisition Corp. Completes Upsized $250 Million Initial Public Offering

By PRNewswire PRNewswire • 01-20-2021