26 Capital Acquisition (26 Capital Acquisition) Cash-to-Debt : 0.02 (As of Jun. 2023)

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What is 26 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. 26 Capital Acquisition's cash to debt ratio for the quarter that ended in Jun. 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, 26 Capital 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 26 Capital Acquisition's Cash-to-Debt or its related term are showing as below:

ADER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.55 Max: No Debt
Current: 0.02

During the past 3 years, 26 Capital Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.55.

ADER's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs ADER: 0.02

26 Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for 26 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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26 Capital Acquisition Cash-to-Debt Chart

26 Capital Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.63

1.01

0.55

26 Capital Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial							0.12	0.20	0.55	0.27	0.02

Competitive Comparison of 26 Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, 26 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.

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

For the Diversified Financial Services industry and Financial Services sector, 26 Capital Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 26 Capital Acquisition's Cash-to-Debt falls into.

26 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.

26 Capital 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)
	=	0.771	/	(1.409	+	0)
	=	0.55

26 Capital 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)
	=	0.202	/	(10.23	+	0)
	=	0.02

26 Capital Acquisition (NAS:ADER) 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.

26 Capital Acquisition Cash-to-Debt Related Terms

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26 Capital Acquisition (26 Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 26 Capital Acquisition Corp (NAS:ADER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, OfficeEdge Miami, Suite 1550, Miami, FL, USA, 33131

Website

https://www.spac26.com

26 Capital Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Jason Ader	director, 10 percent owner, officer: Chief Executive Officer	C/O HAYGROUND COVE ASSET MANAGEMENT LLC, 1370 SIXTH AVENUE, NEW YORK NY 10019
Joseph Kaminkow	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
26 Capital Holdings Llc	10 percent owner	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
John K Lewis	officer: Chief Financial Officer	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Gregory S. Lyss	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Rafi Ashkenazi	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131