BRAC (Broad Capital Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is Broad Capital 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. Broad Capital Acquisition's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, Broad Capital Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BRAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 0.01

During the past 3 years, Broad Capital Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

BRAC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 7.16 vs BRAC: 0.01

Broad Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for Broad Capital 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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Broad Capital Acquisition Cash-to-Debt Chart

Broad Capital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

No Debt

Broad Capital Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial									-	-	0.04	-	0.01

Competitive Comparison of Broad Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Broad Capital 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.

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

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

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

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Broad Capital 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.

Broad Capital Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.015	/	(3.658	+	0)
	=	0.00

Broad Capital Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.031	/	(4.412	+	0)
	=	0.01

Broad Capital Acquisition (NAS:BRAC) 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.

Broad Capital Acquisition Cash-to-Debt Related Terms

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Broad Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Broad Capital Acquisition Corp (NAS:BRAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6208 Sandpebble Ct, Dallas, TX, USA, 75254

Website

Broad Capital Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Teck-yong Heng	director	NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Johann Y Tse	director, officer: Chief Executive Officer	5345 ANNABEL LANE, PLANO TX 75093
Rongrong Jiang	director, officer: Chief Financial Officer	235 TENAFLY RD, TENAFLY NJ 07670
Trimmer Jeffrey Wayne Sr	director	7601 JOHN MCCAIN ROAD, COLLEYVILLE TX 76034
Keith Ryan Adams	director	235 TENAFLY RD, TENAFLY NJ 07670
Nicolas Shao	director	6 CHAOYANG PARK SOUTH, PARK AVE. APTS., BLD. #3-11F, BEIJING F4 00000
Broad Capital Llc	10 percent owner	5345 ANNABEL LANE, PLANO TX 75093