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Alset Capital Acquisition (Alset Capital Acquisition) Cash-to-Debt : 3.96 (As of Aug. 2023)


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What is Alset Capital 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. Alset Capital Acquisition's cash to debt ratio for the quarter that ended in Aug. 2023 was 3.96.

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, Alset Capital Acquisition could pay off its debt using the cash in hand for the quarter that ended in Aug. 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 Alset Capital Acquisition's Cash-to-Debt or its related term are showing as below:

ACAXU' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.96   Med: No Debt   Max: No Debt
Current: 3.96

During the past 2 years, Alset Capital Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 3.96. And the median was No Debt.

ACAXU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.95 vs ACAXU: 3.96

Alset Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for Alset Capital 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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Alset Capital Acquisition Cash-to-Debt Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Cash-to-Debt
No Debt No Debt

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt 18.21 3.96

Competitive Comparison of Alset Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Alset Capital 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.

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

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

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


Alset Capital 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.

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

Alset Capital Acquisition had no debt (1).

Alset Capital Acquisition's Cash to Debt Ratio for the quarter that ended in Aug. 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)
=0.812 / (0.205 + 0)
=3.96

* 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.

Alset Capital Acquisition  (NAS:ACAXU) 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.

Alset Capital Acquisition Cash-to-Debt Related Terms

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Alset Capital Acquisition (Alset Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alset Capital Acquisition Corp (NAS:ACAXU) » Definitions » Cash-to-Debt
Comparable Companies
AQU MTRY PCCT HUDA BREZ DHAC KACL TGVC DMAQ AOGO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Website
https://www.alsetcapitalacquisition.com
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Yakira Capital Management, Inc. 10 percent owner 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Hudson Bay Capital Management Lp 10 percent owner 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber 10 percent owner C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Chan Heng Fai Ambrose director, 10 percent owner, officer: Chairman and CEO 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Wu William Wai Leung director C/O DOCUMENT SECURITY SYSTEMS, INC., 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14624
Tat Keung Wong director 4800 MONTGOMERY LANE SUITE 210, BETHESDA MD 20814
Shui Yeung Wong director 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814
Rongguo Wei officer: Chief Financial Officer 4800 MONTGOMERY LN #210, BETHESDA MD 20814
Alset Acquisition Sponsor, Llc 10 percent owner 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814