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Gores Technology Partners (Gores Technology Partners) Cash-to-Debt : 0.70 (As of Sep. 2022)


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What is Gores Technology Partners 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 Technology Partners's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.70.

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 Technology Partners couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

GTPA's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 4.95
* Ranked among companies with meaningful Cash-to-Debt only.

Gores Technology Partners Cash-to-Debt Historical Data

The historical data trend for Gores Technology Partners'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 Technology Partners Cash-to-Debt Chart

Gores Technology Partners Annual Data
Trend Dec20 Dec21
Cash-to-Debt
N/A 0.25

Gores Technology Partners Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial 0.32 0.25 0.09 0.01 0.70

Competitive Comparison of Gores Technology Partners's Cash-to-Debt

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

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

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


Gores Technology Partners 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 Technology Partners's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=0.222 / (0.9 + 0)
=0.25

Gores Technology Partners's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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)
=0.908 / (1.3 + 0)
=0.70

* 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.

Gores Technology Partners  (NAS:GTPA) 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 Technology Partners Cash-to-Debt Related Terms

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Gores Technology Partners (Gores Technology Partners) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Technology Partners Inc (NAS:GTPA) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
6260 Lookout Road, Boulder, CO, USA, 80301
Website
Gores Technology Partners Inc is a blank check company.
Executives
Alec E Gores director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc 10 percent owner 6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride officer: CFO & Secretary 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Manik Gupta director 1999 SCOTT LN, LOS ALTOS CA 94024
Gores Technology Partners Sponsor Llc director, 10 percent owner 6260 LOOKOUT ROAD, BOULDER CO 80301
Edward William Fike officer: Co-Chief Executive Officer 6260 LOOKOUT ROAD, BOULDER CO 80301
Shivakumar Rajaraman director 6260 LOOKOUT ROAD, BOULDER CO 80301
Muhammad Shahzad director 6260 LOOKOUT ROAD, BOULDER CO 80301
Justin Lawrence Wilson officer: Co-Chief Executive Officer 6260 LOOKOUT ROAD, BOULDER CO 80301