SOAR Technology Acquisition (SOAR Technology Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is SOAR Technology 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. SOAR Technology Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 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, SOAR Technology Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 SOAR Technology Acquisition's Cash-to-Debt or its related term are showing as below:

FLYA's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.82
* Ranked among companies with meaningful Cash-to-Debt only.

SOAR Technology Acquisition Cash-to-Debt Historical Data

The historical data trend for SOAR Technology 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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SOAR Technology Acquisition Cash-to-Debt Chart

SOAR Technology Acquisition Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

SOAR Technology Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			13.17	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of SOAR Technology Acquisition's Cash-to-Debt

For the Shell Companies subindustry, SOAR Technology 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.

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

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

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

SOAR Technology 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.

SOAR Technology Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

SOAR Technology Acquisition had no debt ⁽¹⁾.

SOAR Technology Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

SOAR Technology Acquisition had no debt ⁽¹⁾.

SOAR Technology Acquisition (NYSE:FLYA) 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.

SOAR Technology Acquisition Cash-to-Debt Related Terms

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

SOAR Technology Acquisition (SOAR Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SOAR Technology Acquisition Corp (NYSE:FLYA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Park Avenue S, PMB 74335, New York, NY, USA, 10003

Website

https://www.soartechnologyacq.com

SOAR Technology Acquisition Corp is a blank check company.

Executives

Peter M Kern	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Patrick Pichette	director	2660 BAY MEADOW, ST LAZARE, QUEBEC CANADA A8 00000
Vicky Bathija	officer: See Remarks	2000 PONCE DE LEON BLVD., SUITE 500, CORAL GABLES FL 33134
Mark J Coleman	officer: See Remarks	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Soar Technology Sponsor, Lp	10 percent owner	228 PARK AVE S PMB 74335, NEW YORK NY 10003-1502
Jpk Seed Capital, Llc	10 percent owner	228 PARK AVENUE S PMB 99312, NEW YORK NY 10003-1502
Joe Poulin	director, 10 percent owner, officer: Chief Executive Officer	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Martha J Tredgett	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Chris Arsenault	director	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Greg W. Greeley	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174