Bright Lights Acquisition (Bright Lights Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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

BLTSU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5000.22 Max: No Debt
Current: No Debt

During the past 2 years, Bright Lights Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5000.22.

BLTSU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.45 vs BLTSU: No Debt

Bright Lights Acquisition Cash-to-Debt Historical Data

The historical data trend for Bright Lights 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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Bright Lights Acquisition Cash-to-Debt Chart

Bright Lights Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

0.37

0.44

Bright Lights Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	0.44	0.07	0.03	No Debt

Competitive Comparison of Bright Lights Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Bright Lights 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.

Bright Lights Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Bright Lights 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.

Bright Lights Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	0.087	/	(0.2	+	0)
	=	0.44

Bright Lights Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Bright Lights Acquisition had no debt ⁽¹⁾.

Bright Lights Acquisition (NAS:BLTSU) 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.

Bright Lights Acquisition Cash-to-Debt Related Terms

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

Bright Lights Acquisition (Bright Lights Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bright Lights Acquisition Corp (NAS:BLTSU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12100 Wilshire Boulevard, Suite 1150, Los Angeles, CA, USA, 90025

Website

https://www.brightlightsacquisition.com

Bright Lights Acquisition Corp is a blank check company.

Executives

Mark S Shapiro	director	C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Peter Guber	director	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
John Howard	director	277 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10172
Bright Lights Sponsor Llc	10 percent owner, other: See Remarks.	12100 WILSHIIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Allen Shapiro	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Michael Mahan	director, 10 percent owner, officer: CEO	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Bright Lights Holdco Llc	10 percent owner, other: See Remarks.	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Ciara Wilson	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Selena Kalvaria	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Hahn Lee	officer: CFO & Secretary	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025