GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Focus Impact Acquisition Corp (NAS:FIAC) » Definitions » Cash-to-Debt

FIAC (Focus Impact Acquisition) Cash-to-Debt : 0.00 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Focus Impact 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. Focus Impact Acquisition's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.00.

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, Focus Impact Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Focus Impact Acquisition's Cash-to-Debt or its related term are showing as below:

During the past 3 years, Focus Impact Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

FIAC's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 6.81
* Ranked among companies with meaningful Cash-to-Debt only.

Focus Impact Acquisition Cash-to-Debt Historical Data

The historical data trend for Focus Impact 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.

* Premium members only.

Focus Impact Acquisition Cash-to-Debt Chart

Focus Impact Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt 0.12

Focus Impact Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.98 0.21 0.12 0.02 -

Competitive Comparison of Focus Impact Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Focus Impact 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.

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

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

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


Focus Impact 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.

Focus Impact 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)
=0.224 / (1.875 + 0)
=0.12

Focus Impact Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=0.007 / (2.675 + 0)
=0.00

* 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.

Focus Impact Acquisition  (NAS:FIAC) 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.

Focus Impact Acquisition Cash-to-Debt Related Terms

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

Focus Impact Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Focus Impact Acquisition Corp (NAS:FIAC) » Definitions » Cash-to-Debt
Comparable Companies
GPAC GATE MCAC BMAC OPA TBCP ZLS NSTB DSAQ NPAB PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105
Website
https://www.focus-impact.com
Focus Impact Acquisition Corp is a blank check company.
Executives
D'angela Simms director 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jerri Devard director 120 E 87TH STREET, #P6A, NEW YORK NY 10128
Westley Moore director, other: Chairman 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Wray T Thorn officer: Chief Investment Officer 63 WEST 17TH STREET, NEW YORK NY 10011
Dawanna Williams director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Troy L Carter director 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Focus Impact Sponsor, Llc director, 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Carl Stanton officer: Chief Executive Officer C/O FOCUS IMPACT, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Ernest D Lyles officer: Chief Financial Officer C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177
Howard L Sanders director C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177