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Health Assurance Acquisition (Health Assurance Acquisition) Cash-to-Debt : No Debt (1) (As of Jun. 2022)


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What is Health Assurance 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. Health Assurance Acquisition's cash to debt ratio for the quarter that ended in Jun. 2022 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, Health Assurance Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

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

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

During the past 2 years, Health Assurance Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

HAACU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.39 vs HAACU: No Debt

Health Assurance Acquisition Cash-to-Debt Historical Data

The historical data trend for Health Assurance 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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Health Assurance Acquisition Cash-to-Debt Chart

Health Assurance Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt No Debt

Health Assurance Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Health Assurance Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Health Assurance 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.

Health Assurance Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Health Assurance 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.

Health Assurance Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Health Assurance Acquisition had no debt (1).

Health Assurance Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Health Assurance Acquisition had no debt (1).

* 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.

Health Assurance Acquisition  (NAS:HAACU) 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.

Health Assurance Acquisition Cash-to-Debt Related Terms

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

Health Assurance Acquisition (Health Assurance Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Health Assurance Acquisition Corp (NAS:HAACU) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
20 University Road, Cambridge, MA, USA, 02138
Website
https://www.healthassuranceacqcorp.com
Health Assurance Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Mark Joseph Allen officer: Chief Financial Officer 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Michelle A Brown officer: Chief Financial Officer C/O HEALTH ASSURANCE ACQUISITION CORP., 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Klasko Stephen K. M.d. director 155 SOUTH LIMERICK ROAD, LIMERICK PA 19468
Anita Pramoda director 222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654
Glen Tullman director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Quentin Clark director 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Hemant Taneja director, officer: Chief Executive Officer C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138
Jennifer Schneider director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Evan Sotiriou officer: Chief Operating Officer C/O HEALTHCARE ASSURANCE ACQUISITION, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Health Assurance Economy Foundation 10 percent owner 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Haac Sponsor, Llc 10 percent owner C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138