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Investindustrial Acquisition (Investindustrial Acquisition) Cash-to-Debt : 0.18 (As of Sep. 2021)


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What is Investindustrial 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. Investindustrial Acquisition's cash to debt ratio for the quarter that ended in Sep. 2021 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, Investindustrial Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

IIAC's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.775
* Ranked among companies with meaningful Cash-to-Debt only.

Investindustrial Acquisition Cash-to-Debt Historical Data

The historical data trend for Investindustrial 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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Investindustrial Acquisition Cash-to-Debt Chart

Investindustrial Acquisition Annual Data
Trend Dec20
Cash-to-Debt
No Debt

Investindustrial Acquisition Semi-Annual Data
Sep20 Sep21
Cash-to-Debt - 0.18

Competitive Comparison of Investindustrial Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Investindustrial 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.

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

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

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


Investindustrial 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.

Investindustrial Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Investindustrial Acquisition had no debt (1).

Investindustrial Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.229 / (1.25 + 0)
=0.18

* 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.

Investindustrial Acquisition  (NYSE:IIAC) 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.

Investindustrial Acquisition Cash-to-Debt Related Terms

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Investindustrial Acquisition (Investindustrial Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Investindustrial Acquisition Corp (NYSE:IIAC) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
Saint James’s Square, Suite 1, 3rd Floor, 11-12, London, GBR, SW1Y 4LB
Website
https://www.investindustrial-acquisition-corp.com
Investindustrial Acquisition Corp is a blank check company.