Corsair Partnering (Corsair Partnering) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is Corsair Partnering 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. Corsair Partnering's cash to debt ratio for the quarter that ended in Mar. 2023 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, Corsair Partnering could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

(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 Corsair Partnering's Cash-to-Debt or its related term are showing as below:

CORS's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 5.37
* Ranked among companies with meaningful Cash-to-Debt only.

Corsair Partnering Cash-to-Debt Historical Data

The historical data trend for Corsair Partnering'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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Corsair Partnering Cash-to-Debt Chart

Corsair Partnering Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

Corsair Partnering Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Corsair Partnering's Cash-to-Debt

For the Shell Companies subindustry, Corsair Partnering'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.

Corsair Partnering's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Corsair Partnering 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.

Corsair Partnering's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Corsair Partnering had no debt ⁽¹⁾.

Corsair Partnering's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Corsair Partnering had no debt ⁽¹⁾.

Corsair Partnering (NYSE:CORS) 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.

Corsair Partnering Cash-to-Debt Related Terms

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

Corsair Partnering (Corsair Partnering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Corsair Partnering Corp (NYSE:CORS) » Definitions » Cash-to-Debt

Comparable Companies

TACA AHPA SVFB CAS AKIC GWII TOAC TGR MCAA DTRT

Traded in Other Exchanges

N/A

Address

717 Fifth Avenue, 24th Floor, New York, NY, USA, 10022

Website

https://corsair-capital.com/spac

Corsair Partnering Corp is not engaged in any business operations. The company's purpose is of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar Partnering Transaction with one or more businesses.

Executives

William I Jacobs	director	C/O MASTERCARD INTERNATIONAL INC, 2000 PURCHASE ST, PUCHASE NY 10577-2509
Daniel J Eckert	director	3465 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jeremy Schein	director, officer: President	3 WEST PACES FERRY ROAD, SUITE 200, ATLANTA GA 30305
Paul Cabral	officer: Chief Financial Officer	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Jayanti D.t. Ignacio	director, officer: Chief Executive Officer	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Corsair Partnering Sponsor Lp	10 percent owner	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Maripat Alpuche	director	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022

Corsair Partnering (Corsair Partnering) Headlines

From GuruFocus

Corsair Partnering Corporation Announces Pricing of Initial Public Offering

By Business Wire Business Wire • 07-01-2021

Corsair Partnering Corporation Announces Closing of $250 Million Initial Public Offering

By Business Wire Business Wire • 07-07-2021

Corsair Partnering (Corsair Partnering) Cash-to-Debt : No Debt (1) (As of Mar. 2023)