Black Hawk Acquisition (Black Hawk Acquisition) Cash-to-Debt : 0.24 (As of Feb. 2024)

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What is Black Hawk 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. Black Hawk Acquisition's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.24.

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, Black Hawk Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Black Hawk Acquisition's Cash-to-Debt or its related term are showing as below:

BKHAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.37 Max: 0.5
Current: 0.24

During the past 1 years, Black Hawk Acquisition's highest Cash to Debt Ratio was 0.50. The lowest was 0.24. And the median was 0.37.

BKHAU's Cash-to-Debt is ranked worse than
67.01% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs BKHAU: 0.24

Black Hawk Acquisition Cash-to-Debt Historical Data

The historical data trend for Black Hawk 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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Black Hawk Acquisition Cash-to-Debt Chart

Black Hawk Acquisition Annual Data

Trend

Nov23

Cash-to-Debt

0.50

Black Hawk Acquisition Semi-Annual Data
	Nov23	Feb24
Cash-to-Debt	0.50	0.24

Competitive Comparison of Black Hawk Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Black Hawk 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.

Black Hawk Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Black Hawk 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.

Black Hawk Acquisition's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	0.125	/	(0.25	+	0)
	=	0.50

Black Hawk Acquisition's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	0.059	/	(0.25	+	0)
	=	0.24

Black Hawk Acquisition (NAS:BKHAU) 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.

Black Hawk Acquisition Cash-to-Debt Related Terms

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Black Hawk Acquisition (Black Hawk Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Black Hawk Acquisition Corp (NAS:BKHAU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BKHA:USA

Address

4125 Blackhawk Plaza Circle, Suite 166, Danville, CA, USA, 94506

Website

Black Hawk Acquisition Corp is a Blank check company.

Black Hawk Acquisition (Black Hawk Acquisition) Headlines

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