APGB.U (Apollo Strategic Growth Capital II) Cash-to-Debt : 0.04 (As of Sep. 2023)

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What is Apollo Strategic Growth Capital II 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. Apollo Strategic Growth Capital II's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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, Apollo Strategic Growth Capital II couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Apollo Strategic Growth Capital II's Cash-to-Debt or its related term are showing as below:

APGB.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.12 Max: No Debt
Current: 0.04

During the past 4 years, Apollo Strategic Growth Capital II's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.12.

APGB.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 7.135 vs APGB.U: 0.04

Apollo Strategic Growth Capital II Cash-to-Debt Historical Data

The historical data trend for Apollo Strategic Growth Capital II'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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Apollo Strategic Growth Capital II Cash-to-Debt Chart

Apollo Strategic Growth Capital II Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

0.40

0.07

Apollo Strategic Growth Capital II Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial											0.09	0.07	0.04	0.04	0.04

Competitive Comparison of Apollo Strategic Growth Capital II's Cash-to-Debt

For the Shell Companies subindustry, Apollo Strategic Growth Capital II'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.

Apollo Strategic Growth Capital II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Apollo Strategic Growth Capital II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apollo Strategic Growth Capital II's Cash-to-Debt falls into.

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Apollo Strategic Growth Capital II 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.

Apollo Strategic Growth Capital II'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)
	=	0.333	/	(5	+	0)
	=	0.07

Apollo Strategic Growth Capital II's Cash to Debt Ratio for the quarter 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)
	=	0.21	/	(5	+	0)
	=	0.04

Apollo Strategic Growth Capital II (NYSE:APGB.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.

Apollo Strategic Growth Capital II Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Apollo Strategic Growth Capital II's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Apollo Strategic Growth Capital II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Apollo Strategic Growth Capital II (NYSE:APGB.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 42rd Floor, New York, NY, USA, 10019

Website

https://www.apollostrategicgrowthcapitalii.com

Apollo Strategic Growth Capital II is a blank check company.

Executives

Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Apollo Principal Holdings Iii, L.p.	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Angela Sun	director	7001 EAST BELLEVIEW AVENUE, DENVER CO 80236
Scott Kleinman	director	C/O APOLLO MANAGEMENT L P, 1301 AVENUE OF THE AMERICANS 38TH FL., NEW YORK NY 10018
Nathaniel Lipman	director	6 HIGH RIDGE PARK, STAMFORD CT 06905
Melvin Parker	director	2424 GARDEN OF THE GODS RD, SUITE 300, COLORADO SPRINGS CO 80919
James Crossen	officer: CFO, CAO & Secretary	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apsg Sponsor Ii, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sanjay H Patel	director, officer: Chief Executive Officer	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, NEW YORK NY 10019
Ap Caps Ii Holdings Gp, Llc	10 percent owner	C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN E9 KY1-9008

Apollo Strategic Growth Capital II Headlines

From GuruFocus

Apollo Strategic Growth Capital II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By GlobeNewswire • 11-11-2023