Pure Acquisition (Pure Acquisition) Cash-to-Debt : 0.00 (As of Jun. 2020)

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What is Pure 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. Pure Acquisition's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.00.

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, Pure Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

The historical rank and industry rank for Pure Acquisition's Cash-to-Debt or its related term are showing as below:

PACQ'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.

Pure Acquisition Cash-to-Debt Historical Data

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

Pure Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Cash-to-Debt

No Debt

0.04

Pure Acquisition Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	0.04	0.01	-

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

For the Shell Companies subindustry, Pure 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.

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

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

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

Pure 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.

Pure Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	0.18	/	(4.193	+	0)
	=	0.04

Pure Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	0.026	/	(10.1	+	0)
	=	0.00

Pure Acquisition (NAS:PACQ) 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.

Pure Acquisition Cash-to-Debt Related Terms

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Pure Acquisition (Pure Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 West 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

Pure Acquisition Corp is a blank check company. The firm intends to focus its search for a target business in the energy industry, including the upstream oil and gas industry in North America.