Edify Acquisition (Edify Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Edify 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. Edify Acquisition's cash to debt ratio for the quarter that ended in Sep. 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, Edify Acquisition could 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 Edify Acquisition's Cash-to-Debt or its related term are showing as below:

EAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Edify Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.83. And the median was No Debt.

EAC's Cash-to-Debt is ranked better than
99.82% of 556 companies
in the Diversified Financial Services industry
Industry Median: 2.34 vs EAC: No Debt

Edify Acquisition Cash-to-Debt Historical Data

The historical data trend for Edify 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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Edify Acquisition Cash-to-Debt Chart

Edify Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.27

No Debt

Edify Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Edify Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Edify 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.

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

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

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

Edify 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.

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

Edify Acquisition had no debt ⁽¹⁾.

Edify Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Edify Acquisition had no debt ⁽¹⁾.

Edify Acquisition (NAS:EAC) 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.

Edify Acquisition Cash-to-Debt Related Terms

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Edify Acquisition (Edify Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EACPU:USA

Address

888 7th Avenue, Floor 29, New York, NY, USA, 10106

Website

https://www.edifyacq.com

Edify Acquisition Corp is a blank check company.

Executives

Peter Ma	officer: Chief Executive Officer	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Rosamund M. Elsie-mitchell	director	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Ronald H. Schlosser	director	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Susan Wolford	director	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Morris Beyda	officer: Chief Financial Officer	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Colodne	director, 10 percent owner	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Beckman	director, 10 percent owner	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Colbeck Edify Holdings, Llc	10 percent owner	888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106