Global Technology Acquisition I (Global Technology Acquisition I) Cash-to-Debt : 0.18 (As of Mar. 2024)

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What is Global Technology Acquisition I 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 Technology Acquisition I's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.18.

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, Global Technology Acquisition I couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Global Technology Acquisition I's Cash-to-Debt or its related term are showing as below:

GTAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: 0.18

During the past 3 years, Global Technology Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

GTAC's Cash-to-Debt is ranked worse than
70.02% of 477 companies
in the Diversified Financial Services industry
Industry Median: 2.83 vs GTAC: 0.18

Global Technology Acquisition I Cash-to-Debt Historical Data

The historical data trend for Global Technology Acquisition I'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 Technology Acquisition I Cash-to-Debt Chart

Global Technology Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.06

Global Technology Acquisition I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	0.06	0.18

Competitive Comparison of Global Technology Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, Global Technology Acquisition I'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 Technology Acquisition I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Global Technology Acquisition I 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 Technology Acquisition I's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.014	/	(0.25	+	0)
	=	0.06

Global Technology Acquisition I's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.094	/	(0.525	+	0)
	=	0.18

Global Technology Acquisition I (NAS:GTAC) 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 Technology Acquisition I Cash-to-Debt Related Terms

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Global Technology Acquisition I (Global Technology Acquisition I) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 West 24th Street, 10th Floor, New York, NY, USA, 10010

Website

https://www.gtac.io

Global Technology Acquisition Corp I is a blank check company.

Executives

Ainslie Lee S Iii	10 percent owner
Maverick Long Fund, Ltd.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Long Enhanced Fund, Ltd.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Fund Usa Ltd	10 percent owner
Maverick Fund Ii Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Capital Management Llc	10 percent owner	300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Maverick Capital Ltd	10 percent owner	1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Aleksander Baranski	officer: See remarks	C/O GLOBAL TECHNOLOGY ACQUISITION CORP., 19 W 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Lp	10 percent owner	19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Gp Ltd	10 percent owner	19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Juan Villalonga	director	601 N FARING RD, LOS ANGELES CA 90077
Claudia Gast	director, officer: CFO & Secretary	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeffrey Stewart Weinstein	officer: Chief Strategy Officer	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Fabrice Grinda	director	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Arnau Porto Dolc	director, officer: Chief Executive Officer	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010

Global Technology Acquisition I (Global Technology Acquisition I) Headlines

From GuruFocus

Global Technology Acquisition Corp. I Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 13, 2021

By Business Wire Business Wire • 12-08-2021

Global Technology Acquisition Corp. I Announces Pricing of Upsized $175 Million Initial Public Offering

By Business Wire Business Wire • 10-21-2021

Global Technology Acquisition Corp. I Announces Closing of Upsized Initial Public Offering and Exercise of Over-Allotment Option Generating Total Gross Proceeds of $200m

By Business Wire Business Wire • 10-25-2021