HCVI (Hennessy Capital Investment VI) Cash-to-Debt : 0.09 (As of Dec. 2024)

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What is Hennessy Capital Investment 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. Hennessy Capital Investment VI's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.09.

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, Hennessy Capital Investment VI couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

HCVI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 5000.21 Max: No Debt
Current: 0.09

During the past 4 years, Hennessy Capital Investment VI's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 5000.21.

HCVI's Cash-to-Debt is ranked worse than
81.9% of 420 companies
in the Diversified Financial Services industry
Industry Median: 6.355 vs HCVI: 0.09

Hennessy Capital Investment VI Cash-to-Debt Historical Data

The historical data trend for Hennessy Capital Investment 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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Hennessy Capital Investment VI Cash-to-Debt Chart

Hennessy Capital Investment VI Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

No Debt

0.42

0.09

Hennessy Capital Investment VI Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial											0.42	-	0.16	0.09	0.09

Competitive Comparison of Hennessy Capital Investment VI's Cash-to-Debt

For the Shell Companies subindustry, Hennessy Capital Investment 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.

Hennessy Capital Investment VI's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Hennessy Capital Investment VI's Cash-to-Debt falls into.

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Hennessy Capital Investment 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.

Hennessy Capital Investment VI's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.889	/	(9.861	+	0)
	=	0.09

Hennessy Capital Investment VI's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.889	/	(9.861	+	0)
	=	0.09

Hennessy Capital Investment VI (OTCPK:HCVI) 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.

Hennessy Capital Investment VI Cash-to-Debt Related Terms

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

Hennessy Capital Investment VI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hennessy Capital Investment Corp VI (OTCPK:HCVI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

195 US Highway 50, Suite 309, Zephyr Cove, NV, USA, 89448

Website

https://www.hennessycapllc.com

Hennessy Capital Investment Corp VI is a shell company.

Executives

Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Arena Capital Advisors, Llc- Ca	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund Lp - Series H	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, L.p.- Series G	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025-1164
Arena Short Duration High Yield Fund, Lp - Series D	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Vii, Llc	10 percent owner	12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp- Series E	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series C	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series B	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series A	10 percent owner	12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Richard H Fearon	director	1239 GERBING ROAD, AMELIA ISLAND FL 32034
Hennessy Capital Partners Vi Llc	10 percent owner	3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Greg Ethridge	director, 10 percent owner, officer: PRESIDENT AND COO	585 WEED STREET, NEW CANAAN CT 06840
Nicholas A Petruska	10 percent owner, officer: EVP, CFO AND SECRETARY	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Hennessy Capital Group Llc	10 percent owner	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606