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Hennessy Capital Investment VI (Hennessy Capital Investment VI) Cash-to-Debt : 0.00 (As of Mar. 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 Mar. 2024 was 0.00.

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 Mar. 2024.

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

During the past 3 years, Hennessy Capital Investment VI's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

HCVIU'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.

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.

* Premium members only.

Hennessy Capital Investment VI Cash-to-Debt Chart

Hennessy Capital Investment VI Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt 0.42

Hennessy Capital Investment VI Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.82 0.02 0.42 -

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.


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. 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)
=0.462 / (1.1 + 0)
=0.42

Hennessy Capital Investment VI'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)
=0.006 / (3.016 + 0)
=0.00

* 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.

Hennessy Capital Investment VI  (NAS:HCVIU) 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

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Hennessy Capital Investment VI (Hennessy Capital Investment VI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hennessy Capital Investment Corp VI (NAS:HCVIU) » Definitions » Cash-to-Debt
Comparable Companies
TRTL CCVI SLAM SAGA DWAC NETD CXAC NFNT APGB KCGI PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT LSE:ADMR CNDA
Traded in Other Exchanges
HCVI:USA
Address
3415 North Pines Way, Suite 204, Wilson, WY, USA, 83014
Website
https://www.hennessycapllc.com
Hennessy Capital Investment Corp VI is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.