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DIST (Distoken Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2024)


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

DIST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 1.6   Max: No Debt
Current: 0.01

During the past 4 years, Distoken Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.60.

DIST's Cash-to-Debt is ranked worse than
93.95% of 430 companies
in the Diversified Financial Services industry
Industry Median: 6.61 vs DIST: 0.01

Distoken Acquisition Cash-to-Debt Historical Data

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

Distoken Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
- - - 1.60

Distoken Acquisition Quarterly Data
Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 1.60 0.01 0.02 0.01

Competitive Comparison of Distoken Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Distoken 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.

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

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

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


Distoken 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.

Distoken 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)
=0.096 / (0.06 + 0)
=1.60

Distoken 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)
=0.011 / (0.85 + 0)
=0.01

* 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.

Distoken Acquisition  (NAS:DIST) 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.

Distoken Acquisition Cash-to-Debt Related Terms

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Distoken Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Distoken Acquisition Corp (NAS:DIST) » Definitions » Cash-to-Debt
Comparable Companies
INTE BRAC BOWN FRLA WTMA CBLO BNIX MCAG GDST DECA AACT ANSC AAM EQV NETD CCIX GPAT ALF MBAV CCIR
Traded in Other Exchanges
N/A
Address
No. 2 Xiaoba Road, Unit 1006, Block C, Jinshangjun Park, Panlong District, Yunnan, Kunming, CHN
Website
https://www.deltacoab.se
Distoken Acquisition Corp is a blank check company.
Executives
John Wallace director 55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006
Xiaosen Sponsor Llc director, 10 percent owner, officer: CEO and Chairman UNIT 1006 BLOCK C, JINSHANGJUN PARK, KUNMING YUNNAN F4 000000
Jirong Lyu director, officer: Chief Financial Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Joseph Valenza director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Yiwen Ma officer: Chief Technology Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Ning Wang director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Jian Zhang director, 10 percent owner, officer: CEO and Chairman UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Zhanming Zhang officer: Chief Investment Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA RD, PANLONG, YUNNAN F4 000000