African Gold Acquisition (African Gold Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2022)

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What is African Gold 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. African Gold Acquisition's cash to debt ratio for the quarter that ended in Mar. 2022 was No Debt ⁽¹⁾.

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, African Gold Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

(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 African Gold Acquisition's Cash-to-Debt or its related term are showing as below:

AGACF's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 3.34
* Ranked among companies with meaningful Cash-to-Debt only.

African Gold Acquisition Cash-to-Debt Historical Data

The historical data trend for African Gold 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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African Gold Acquisition Cash-to-Debt Chart

African Gold Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

African Gold Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of African Gold Acquisition's Cash-to-Debt

For the Shell Companies subindustry, African Gold 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.

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

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

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

African Gold 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.

African Gold Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

African Gold Acquisition had no debt ⁽¹⁾.

African Gold Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

African Gold Acquisition had no debt ⁽¹⁾.

African Gold Acquisition (OTCPK:AGACF) 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.

African Gold Acquisition Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of African Gold Acquisition's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

African Gold Acquisition (African Gold Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » African Gold Acquisition Corp (OTCPK:AGACF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 West 52nd Street, Suite 2322, New York, NY, USA, 10019-9998

Website

https://www.africangoldcorp.com

African Gold Acquisition Corp is a blank check company.

Executives

Zolani Kgosietsile Matthews	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Robert B Hersov	director	NETJETS EUROPE, LTD., GRUNDSTRASSE 12, ROTKREUZ V8 6343
Izak Marais	officer: Chief Operating Officer	322 WEST 52ND STREET UNIT 2322, NEW YORK NY 10019
Michael Rawlinson	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Bradley Doig	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Koosum Kalyan	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
African Gold Acquisition Sponsor Llc	10 percent owner	322 WEST 52ND STREET, 2322, NEW YORK NY 10019
Morgenthau Cooper	director, officer: Chief Financial Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019-9998
Christopher Damon Chadwick	director, officer: Chief Executive Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Brian Hinchcliffe	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172

African Gold Acquisition (African Gold Acquisition) Headlines

From GuruFocus

African Gold Acquisition Corporation Makes Major Announcements

By PurpleRose PurpleRose • 08-26-2022

African Gold Acquisition (African Gold Acquisition) Cash-to-Debt : No Debt (1) (As of Mar. 2022)