Gores Holdings IV (Gores Holdings IV) Cash-to-Debt : 0.26 (As of Mar. 2021)

View and export this data going back to 2020. Start your Free Trial

What is Gores Holdings IV 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. Gores Holdings IV's cash to debt ratio for the quarter that ended in Mar. 2021 was 0.26.

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, Gores Holdings IV couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

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

GHIVU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.26 Max: No Debt
Current: 0.26

During the past 2 years, Gores Holdings IV's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.26.

GHIVU's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.29 vs GHIVU: 0.26

Gores Holdings IV Cash-to-Debt Historical Data

The historical data trend for Gores Holdings IV'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.

* Premium members only.

Gores Holdings IV Cash-to-Debt Chart

Gores Holdings IV Annual Data

Trend

Dec19

Dec20

Cash-to-Debt

0.01

0.05

Gores Holdings IV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	0.22	0.05	0.26

Competitive Comparison of Gores Holdings IV's Cash-to-Debt

For the Mortgage Finance subindustry, Gores Holdings IV'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.

Gores Holdings IV's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Gores Holdings IV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gores Holdings IV's Cash-to-Debt falls into.

Gores Holdings IV 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.

Gores Holdings IV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	0.051	/	(1	+	0)
	=	0.05

Gores Holdings IV's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1592.663	/	(5223.74	+	969.355)
	=	0.26

Gores Holdings IV (NAS:GHIVU) 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.

Gores Holdings IV Cash-to-Debt Related Terms

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

Gores Holdings IV (Gores Holdings IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gores Holdings IV Inc (NAS:GHIVU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 South Boulevard E, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp operates as a residential mortgage lender and the wholesale mortgage lender. The company provides independent mortgage advisors across the states and the district of Columbia. The firm also offers training, technology, marketing support, and more to help the entrepreneurial partners.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Gores Sponsor Iv Llc	director, 10 percent owner	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Jeffrey Gene Rea	director	C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Patton William B Jr	director
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201