Future Health ESG (Future Health ESG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Future Health ESG 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. Future Health ESG's cash to debt ratio for the quarter that ended in Dec. 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, Future Health ESG could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Future Health ESG's Cash-to-Debt or its related term are showing as below:

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

During the past 3 years, Future Health ESG's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FHLTU's Cash-to-Debt is ranked better than
99.82% of 547 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs FHLTU: No Debt

Future Health ESG Cash-to-Debt Historical Data

The historical data trend for Future Health ESG'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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Future Health ESG Cash-to-Debt Chart

Future Health ESG Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Future Health ESG Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Future Health ESG's Cash-to-Debt

For the Shell Companies subindustry, Future Health ESG'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.

Future Health ESG's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Future Health ESG's Cash-to-Debt falls into.

Future Health ESG 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.

Future Health ESG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Future Health ESG had no debt ⁽¹⁾.

Future Health ESG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Future Health ESG had no debt ⁽¹⁾.

Future Health ESG (NAS:FHLTU) 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.

Future Health ESG Cash-to-Debt Related Terms

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Future Health ESG (Future Health ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Future Health ESG Corp (NAS:FHLTU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FHLT:USA

Address

8 The Green, Suite 12081, Dover, DE, USA, 19901

Website

https://www.fhesg.com

Future Health ESG Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.