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Model Performance Acquisition (Model Performance Acquisition) Cash-to-Debt

: 0.17 (As of Sep. 2022)
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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. Model Performance Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.17.

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

MPAC's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.34
* Ranked among companies with meaningful Cash-to-Debt only.

Model Performance Acquisition Cash-to-Debt Historical Data

The historical data trend for Model Performance 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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Model Performance Acquisition Annual Data
Trend Dec21
Cash-to-Debt
No Debt

Model Performance Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt 0.22 0.17
Competitive Comparison

For the Shell Companies subindustry, Model Performance 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.

Model Performance Acquisition Cash-to-Debt Distribution

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

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


Model Performance 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.

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

Model Performance Acquisition had no debt (1).

Model Performance 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)
=0.442 / (2.685 + 0)
=0.16

* 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.

Model Performance Acquisition  (NAS:MPAC) 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.

Model Performance Acquisition Cash-to-Debt Related Terms

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Model Performance Acquisition (Model Performance Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Model Performance Acquisition Corp (NAS:MPAC) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
2 Queens Road Central, 58 Floor, Unit 5801, Cheung Kong Center, Hong Kong, HKG
Website
Model Performance Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.