GBBK (Global Blockchain Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Global Blockchain 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. Global Blockchain Acquisition's cash to debt ratio for the quarter that ended in Jun. 2024 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, Global Blockchain Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

GBBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.74 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Global Blockchain Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.74. And the median was No Debt.

GBBK's Cash-to-Debt is ranked better than
99.8% of 499 companies
in the Diversified Financial Services industry
Industry Median: 6.88 vs GBBK: No Debt

Global Blockchain Acquisition Cash-to-Debt Historical Data

The historical data trend for Global Blockchain 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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Global Blockchain Acquisition Cash-to-Debt Chart

Global Blockchain Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.85

No Debt

Global Blockchain Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Global Blockchain Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Global Blockchain 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.

Global Blockchain Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Global Blockchain 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.

Global Blockchain Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Global Blockchain Acquisition had no debt ⁽¹⁾.

Global Blockchain Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Global Blockchain Acquisition had no debt ⁽¹⁾.

Global Blockchain Acquisition (NAS:GBBK) 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.

Global Blockchain Acquisition Cash-to-Debt Related Terms

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Global Blockchain Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Blockchain Acquisition Corp (NAS:GBBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6555 Sanger Road, Suite 200, Orlando, FL, USA, 32827

Website

Global Blockchain Acquisition Corp is a blank check company.

Executives

Christopher Ensey	director	2307 NE 12TH ST., FT. LAUDERDALE FL 33304
Jonathan D Morris	officer: Chief Financial Officer	C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Max Wayne Hooper	director, officer: Chief Executive Officer	1345 AVE OF THE AMERICAS 2ND FL, NEW YORK NY 10105
Allen R Weiss	director	C/O DICK'S SPORTING GOODS, INC., 345 COURT STREET, CORAOPOLIS PA 15108
Katya Rayevsky Fisher	director	1010 BRICKELL AVE, 4705, MIAMI FL 33130
Global Blockchain Sponsor, Llc	10 percent owner	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
David L. Ruttenberg	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
David S. Metcalf	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
Paul C. Jeffries	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827