Armada Acquisition I (Armada Acquisition I) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Armada Acquisition I 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. Armada Acquisition I's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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

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

AACI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.5 Max: No Debt
Current: 0.02

During the past 3 years, Armada Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.50.

AACI's Cash-to-Debt is ranked worse than
92.99% of 556 companies
in the Diversified Financial Services industry
Industry Median: 2.98 vs AACI: 0.02

Armada Acquisition I Cash-to-Debt Historical Data

The historical data trend for Armada Acquisition I'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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Armada Acquisition I Cash-to-Debt Chart

Armada Acquisition I Annual Data

Trend

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

0.71

0.02

Armada Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.17	0.11	0.02	0.02	0.02

Competitive Comparison of Armada Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, Armada Acquisition I'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.

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

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

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

Armada Acquisition I 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.

Armada Acquisition I's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.06	/	(2.564	+	0)
	=	0.02

Armada Acquisition I's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.054	/	(2.777	+	0)
	=	0.02

Armada Acquisition I (NAS:AACI) 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.

Armada Acquisition I Cash-to-Debt Related Terms

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Armada Acquisition I (Armada Acquisition I) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1760 Market Street, Suite 602, Philadelphia, PA, USA, 19103

Website

https://www.armadaacq.com

Armada Acquisition Corp I is a blank check company.

Executives

Celso L. White	director	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Stephen P Herbert	director, 10 percent owner, officer: Chief Executive Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Douglas M Lurio	director, 10 percent owner, officer: Pres, Sec and Treas	100 DEERFIELD LANE, SUITE 140, MALVERN PA 19355
Thomas A Decker	director	C/O INTERNET CAPITAL GROUP, 690 LEE ROAD, SUITE 310, WAYNE PA 19087
Armada Sponsor Llc	10 percent owner	2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103
Mohammad A Khan	director	2005 MARKET STREET SUITE 3120, PHILADELPHIA PA 19103