FLD (FTAC Emerald Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2024)

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

FLD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: No Debt
Current: 0.01

During the past 3 years, FTAC Emerald Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.24.

FLD's Cash-to-Debt is ranked worse than
93.08% of 477 companies
in the Diversified Financial Services industry
Industry Median: 6.66 vs FLD: 0.01

FTAC Emerald Acquisition Cash-to-Debt Historical Data

The historical data trend for FTAC Emerald 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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FTAC Emerald Acquisition Cash-to-Debt Chart

FTAC Emerald Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.02

FTAC Emerald Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial									0.02	0.02	0.05	0.04	0.01

Competitive Comparison of FTAC Emerald Acquisition's Cash-to-Debt

For the Shell Companies subindustry, FTAC Emerald 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.

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

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

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

FTAC Emerald 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.

FTAC Emerald 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)
	=	0.03	/	(2.025	+	0)
	=	0.01

FTAC Emerald 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)
	=	0.02	/	(3.439	+	0)
	=	0.01

FTAC Emerald Acquisition (NAS:FLD) 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.

FTAC Emerald Acquisition Cash-to-Debt Related Terms

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

FTAC Emerald Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Emerald Acquisition Corp (NAS:FLD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Emerald Acquisition Corp is a blank check company 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 or assets.

Executives

Emerald Esg Advisors, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Douglas Listman	officer: Chief Financial Officer	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Therese Rein	director	GPO BOX 3208, BRISBANE C3 4000
Betsy Z Cohen	director, 10 percent owner
Lisa M Shalett	director	C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Andrew Hohns	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Tensie Whelan	director	C/O INVESTINDUSTRIAL, INC., 11-12 ST. JAMES SQUARE, 3RD FLOOR, LONDON X0 SW1Y 4LB
Mark R Tercek	director
Young Bracebridge H Jr	officer: President and CEO	35 WYKEHAM RD, NEWTON MA 02465
Emerald Esg Sponsor, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104