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

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What is BOA 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. BOA 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, BOA 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 BOA Acquisition's Cash-to-Debt or its related term are showing as below:

BOAS's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 5.45
* Ranked among companies with meaningful Cash-to-Debt only.

BOA Acquisition Cash-to-Debt Historical Data

The historical data trend for BOA 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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BOA Acquisition Cash-to-Debt Chart

BOA Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

BOA Acquisition Quarterly Data
	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 BOA Acquisition's Cash-to-Debt

For the Shell Companies subindustry, BOA 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.

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

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

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

BOA 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.

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

BOA Acquisition had no debt ⁽¹⁾.

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

BOA Acquisition had no debt ⁽¹⁾.

BOA Acquisition (NYSE:BOAS) 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.

BOA Acquisition Cash-to-Debt Related Terms

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

BOA Acquisition (BOA Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Virginia Avenue NW, Suite T23 Management Office, Washington, WA, USA, 20037

Website

https://www.boaacquisition.com

BOA Acquisition Corp is a blank check company.

Executives

Shane Battier	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Scott J Seligman	director	ONE TOWNE SQUARE, SUITE 1913, SOUTHFIELD MI 48076
Lorron James	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Anthony Wanger	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Stephanie Zimmerman	officer: Treasurer	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Srikanth Batchu	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Jenny Abramson	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Benjamin A. Friedman	10 percent owner, officer: See Remarks	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Brian D Friedman	10 percent owner, officer: Chief Executive Officer & CIO	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Bet On America Llc	10 percent owner	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037