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Marlin Technology (Marlin Technology) Cash-to-Debt : 0.01 (As of Sep. 2022)


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What is Marlin Technology 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. Marlin Technology's cash to debt ratio for the quarter that ended in Sep. 2022 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, Marlin Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

FINM's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.39
* Ranked among companies with meaningful Cash-to-Debt only.

Marlin Technology Cash-to-Debt Historical Data

The historical data trend for Marlin Technology'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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Marlin Technology Cash-to-Debt Chart

Marlin Technology Annual Data
Trend Dec20 Dec21
Cash-to-Debt
- 0.02

Marlin Technology Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt 0.02 0.01 0.01 0.01

Competitive Comparison of Marlin Technology's Cash-to-Debt

For the Shell Companies subindustry, Marlin Technology'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.

Marlin Technology's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Marlin Technology 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.

Marlin Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
=0.005 / (0.254 + 0)
=0.02

Marlin Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.005 / (0.689 + 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.

Marlin Technology  (NAS:FINM) 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.

Marlin Technology Cash-to-Debt Related Terms

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Marlin Technology (Marlin Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Marlin Technology Corp (NAS:FINM) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
338 Pier Avenue, Hermosa Beach, CA, USA, 90254
Website
https://www.marlintechcorp.com
Marlin Technology Corp is a blank check company.
Executives
Donna Sayce Troy director 338 PIER AVENUE, HERMOSA BEACH CA 90254
Robert Youngjohns director C/O CALLIDUS SOFTWARE, 160 WEST SANTA CLARA STREET, SAN JOSE CA 95113
David A Donatelli director 176 SOUTH ST., HOPKINTON MA 01748
Marlin Technology Holdings, Llc 10 percent owner 338 PIER AVENUE, HERMOSA BEACH CA 90254
Nicholas M. Kaiser director, officer: Chief Executive Officer 338 PIER AVENUE, HERMOSA BEACH CA 90254
Peter B. Spasov director 338 PIER AVENUE, HERMOSA BEACH CA 90254
Michael Nutting director, officer: Chief Financial Officer 338 PIER AVENUE, HERMOSA BEACH CA 90254