AAC.U (Ares Acquisition) Cash-to-Debt : 0.01 (As of Jun. 2023)

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What is Ares 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. Ares Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.01.

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, Ares Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

AAC.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.34 Max: No Debt
Current: 0.01

During the past 3 years, Ares Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.34.

AAC.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 6.725 vs AAC.U: 0.01

Ares Acquisition Cash-to-Debt Historical Data

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

Ares Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.03

Ares Acquisition Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial								0.19	0.10	0.03	0.02	0.01

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

For the Shell Companies subindustry, Ares 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.

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

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

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

Ares 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.

Ares Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.038	/	(1.5	+	0)
	=	0.03

Ares Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2023 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)
	=	0.056	/	(8.414	+	0)
	=	0.01

Ares Acquisition (NYSE:AAC.U) 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.

Ares Acquisition Cash-to-Debt Related Terms

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Ares Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ares Acquisition Corp (NYSE:AAC.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Ares Management LLC, 44th Floor, 245 Park Avenue, New York, NY, USA, 10167

Website

https://www.aresacquisitioncorporation.com

Ares Acquisition Corp is a blank check company.

Executives

Kathryn V Marinello	director	CERIDIAN CORPORATION, 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN 55425
Michael J Arougheti	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
David B Kaplan	director, officer: Chief Executive Officer	1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Felicia D Thornton	director	250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Jarrod Phillips	officer: Chief Financial Officer	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167
Stephen Brown Davis	director	1355 SANSOME STREET, SAN FRANCISCO CA 94111
Ares Acquisition Holdings Lp	10 percent owner	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Peter Ogilvie	officer: See Remarks	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Allyson Satin	officer: Chief Operating Officer	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167