Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2022)

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What is Atlantic Avenue 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. Atlantic Avenue Acquisition's cash to debt ratio for the quarter that ended in Jun. 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, Atlantic Avenue Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Atlantic Avenue Acquisition's Cash-to-Debt or its related term are showing as below:

ASAQ's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.64
* Ranked among companies with meaningful Cash-to-Debt only.

Atlantic Avenue Acquisition Cash-to-Debt Historical Data

The historical data trend for Atlantic Avenue 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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Atlantic Avenue Acquisition Cash-to-Debt Chart

Atlantic Avenue Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

Atlantic Avenue Acquisition Quarterly Data
	Jul20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Atlantic Avenue Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Atlantic Avenue 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.

Atlantic Avenue Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Atlantic Avenue 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.

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

Atlantic Avenue Acquisition had no debt ⁽¹⁾.

Atlantic Avenue Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Atlantic Avenue Acquisition had no debt ⁽¹⁾.

Atlantic Avenue Acquisition (NYSE:ASAQ) 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.

Atlantic Avenue Acquisition Cash-to-Debt Related Terms

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

Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Avenue Acquisition Corp (NYSE:ASAQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Atlantic Street, Stamford, CT, USA, 06902

Website

https://www.asaqspac.com

Atlantic Avenue Acquisition Corp is a newly organized blank check company.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Thomas J Neff	director	SPENCER STUART & ASSOCIATES, 277 PARK AVE, NEW YORK NY 10172
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Halmi Robert A Jr	director	CROWN MEDIA HOLDINGS INC, 6430 S FIDDLERS GREEN CIR STE 500, ENGLEWOOD CO 80111
Ashok Nayyar	director, 10 percent owner, officer: Chief Executive Officer, Chair	930 PARK AVENUE, NEW YORK NY 10028
Barry Best	officer: Chief Financial Officer	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Atlantic Street Partners Llc	10 percent owner	2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
David Gelobter	officer: Co-President & Secretary	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Purvang Desai	officer: Chief Accounting Officer	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Mark Field	director	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Michael Russell Zimmerman	officer: Co-President	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Atlantic Avenue Partners Gp Llc	10 percent owner	2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902

Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Headlines

From GuruFocus

Atlantic Avenue Acquisition Corp Receives Expected Notice from NYSE Regarding Delayed Quarterly Report

By PRNewswire PRNewswire • 05-27-2021

Atlantic Avenue Acquisition Corp Announces Separate Trading of Class A Common Stock and Warrants, Commencing October 15, 2020

By PRNewswire PRNewswire • 10-13-2020

Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Cash-to-Debt : No Debt (1) (As of Jun. 2022)