CPTK.U (Crown PropTech Acquisitions) Cash-to-Debt : 0.04 (As of Jun. 2023)

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What is Crown PropTech Acquisitions 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. Crown PropTech Acquisitions's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.04.

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, Crown PropTech Acquisitions couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Crown PropTech Acquisitions's Cash-to-Debt or its related term are showing as below:

CPTK.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: No Debt
Current: 0.04

During the past 3 years, Crown PropTech Acquisitions's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.09.

CPTK.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 6.725 vs CPTK.U: 0.04

Crown PropTech Acquisitions Cash-to-Debt Historical Data

The historical data trend for Crown PropTech Acquisitions'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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Crown PropTech Acquisitions Cash-to-Debt Chart

Crown PropTech Acquisitions Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.97

0.03

0.12

Crown PropTech Acquisitions Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial						0.01	-	0.12	-	0.04

Competitive Comparison of Crown PropTech Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, Crown PropTech Acquisitions'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.

Crown PropTech Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Crown PropTech Acquisitions's Cash-to-Debt falls into.

Crown PropTech Acquisitions 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.

Crown PropTech Acquisitions's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.08	/	(0.666	+	0)
	=	0.12

Crown PropTech Acquisitions's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.031	/	(0.801	+	0)
	=	0.04

Crown PropTech Acquisitions (NYSE:CPTK.U) 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.

Crown PropTech Acquisitions Cash-to-Debt Related Terms

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

Crown PropTech Acquisitions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Crown PropTech Acquisitions (NYSE:CPTK.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 West 25th Street, Floor 6, New York, NY, USA, 10010

Website

https://www.crownproptech.com

Crown PropTech Acquisitions is a blank check company.

Executives

Christopher Thomas Rogers	director	2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Gavin Cuneo	officer: Co-Chief Executive Officer	40 WEST 57TH STREET FLOOR 29, NEW YORK NY 10019
Michael Minnick	10 percent owner, officer: Co-Chief Executive Officer	40 WEST 57TH STREET FLOOR 29, NEW YORK NY 10019
Ciig Management Iii Llc	10 percent owner	40 WEST 57TH STREET, 29TH FLOOR, NEW YORK NY 10019
Van Paasschen Frits D	director	C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Stephen B Siegel	director	200 PARK AVE, NEW YORK NY 10166
Pius Sprenger	director, officer: Chief Financial Officer	C/O CROWN PROPTECH ACQUISITIONS, 667 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10065
Melissa Holladay	director	C/O CROWN PROPTECH ACQUISITIONS, 667 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10065
Martin Enderle	director	C/O CROWN PROPTECH ACQUISITIONS, 667 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10065
Richard Chera	director, officer: Chief Executive Officer	C/O CROWN PROPTECH ACQUISITIONS, 667 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10065
Crown Proptech Sponsor, Llc	10 percent owner	C/O CROWN PROPTECH ACQUISITIONS, 667 MADISON A VENUE, 12TH FLOOR, NEW YORK NY 10065