Forbion European Acquisition (Forbion European Acquisition) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Forbion European 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. Forbion European Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Forbion European Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Forbion European Acquisition's Cash-to-Debt or its related term are showing as below:

FRBNU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.02

During the past 2 years, Forbion European Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

FRBNU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs FRBNU: 0.02

Forbion European Acquisition Cash-to-Debt Historical Data

The historical data trend for Forbion European 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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Forbion European Acquisition Cash-to-Debt Chart

Forbion European Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

Forbion European Acquisition Quarterly Data
	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	1.05	0.11	0.02

Competitive Comparison of Forbion European Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Forbion European 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.

Forbion European Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Forbion European 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.

Forbion European Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Forbion European Acquisition had no debt ⁽¹⁾.

Forbion European Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.086	/	(4.18	+	0)
	=	0.02

Forbion European Acquisition (NAS:FRBNU) 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.

Forbion European Acquisition Cash-to-Debt Related Terms

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

Forbion European Acquisition (Forbion European Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forbion European Acquisition Corp (NAS:FRBNU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 Kennett Pike, Suite 302, Wilmington, DE, USA, 19807

Website

https://www.forbion.com

Forbion European Acquisition Corp is a blank check company.

Forbion European Acquisition (Forbion European Acquisition) Headlines

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