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DMYY (dMY Squared Technology Group) Cash-to-Debt : 0.27 (As of Sep. 2024)


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What is dMY Squared Technology Group 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. dMY Squared Technology Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.27.

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, dMY Squared Technology Group 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 dMY Squared Technology Group's Cash-to-Debt or its related term are showing as below:

DMYY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.27   Max: 0.55
Current: 0.27

During the past 2 years, dMY Squared Technology Group's highest Cash to Debt Ratio was 0.55. The lowest was 0.00. And the median was 0.27.

DMYY's Cash-to-Debt is ranked worse than
72.77% of 426 companies
in the Diversified Financial Services industry
Industry Median: 6.21 vs DMYY: 0.27

dMY Squared Technology Group Cash-to-Debt Historical Data

The historical data trend for dMY Squared Technology Group'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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dMY Squared Technology Group Cash-to-Debt Chart

dMY Squared Technology Group Annual Data
Trend Dec22 Dec23
Cash-to-Debt
0.25 -

dMY Squared Technology Group Quarterly Data
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 - - 0.55 0.32 0.27

Competitive Comparison of dMY Squared Technology Group's Cash-to-Debt

For the Shell Companies subindustry, dMY Squared Technology Group'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.

dMY Squared Technology Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, dMY Squared Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where dMY Squared Technology Group's Cash-to-Debt falls into.


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dMY Squared Technology Group 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.

dMY Squared Technology Group'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 / (0 + 0.948)
=0.00

dMY Squared Technology Group'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)
=0.385 / (0.492 + 0.948)
=0.27

* 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.

dMY Squared Technology Group  (AMEX:DMYY) 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.

dMY Squared Technology Group Cash-to-Debt Related Terms

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dMY Squared Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » dMY Squared Technology Group Inc (AMEX:DMYY) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
F6U:Germany
Address
80 North Town Center Drive, Suite 100, Las Vegas, NV, USA, 89144
Website
https://www.dmytechnology.com
dMY Squared Technology Group Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Francesca Luthi director 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Weaver Constance K director 2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Charles Wert director 200 PARK AVENUE, NEW YORK NY 10166
Darla Anderson director C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Masi Niccolo De director, officer: Co-Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Dmy Squared Sponsor, Llc 10 percent owner 1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS NV 89144