Gores Holdings VI (Gores Holdings VI) Cash-to-Debt : 1.08 (As of Jul. 2020)

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What is Gores Holdings VI 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 VI's cash to debt ratio for the quarter that ended in Jul. 2020 was 1.08.

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, Gores Holdings VI could pay off its debt using the cash in hand for the quarter that ended in Jul. 2020.

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

GHVI's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.64
* Ranked among companies with meaningful Cash-to-Debt only.

Gores Holdings VI Cash-to-Debt Historical Data

The historical data trend for Gores Holdings VI'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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Gores Holdings VI Cash-to-Debt Chart

Gores Holdings VI Annual Data

Trend

Dec20

Cash-to-Debt

No Debt

Gores Holdings VI Semi-Annual Data
	Jul20
Cash-to-Debt	1.08

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

For the Shell Companies subindustry, Gores Holdings VI'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 VI's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Gores Holdings VI 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 VI's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Gores Holdings VI's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	0.325	/	(0.3	+	0)
	=	1.08

Gores Holdings VI (NAS:GHVI) 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 VI Cash-to-Debt Related Terms

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