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INSU Acquisition III (INSU Acquisition III) Cash-to-Debt : 0.16 (As of Sep. 2022)


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What is INSU Acquisition III 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. INSU Acquisition III's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.16.

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, INSU Acquisition III 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 INSU Acquisition III's Cash-to-Debt or its related term are showing as below:

IIII's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.39
* Ranked among companies with meaningful Cash-to-Debt only.

INSU Acquisition III Cash-to-Debt Historical Data

The historical data trend for INSU Acquisition III'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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INSU Acquisition III Cash-to-Debt Chart

INSU Acquisition III Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt 0.45

INSU Acquisition III Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial 0.40 0.45 0.04 0.15 0.16

Competitive Comparison of INSU Acquisition III's Cash-to-Debt

For the Shell Companies subindustry, INSU Acquisition III'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.

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

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

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


INSU Acquisition III 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.

INSU Acquisition III'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)
=0.224 / (0.5 + 0)
=0.45

INSU Acquisition III'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)
=0.156 / (0.96 + 0)
=0.16

* 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.

INSU Acquisition III  (NAS:IIII) 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.

INSU Acquisition III Cash-to-Debt Related Terms

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

INSU Acquisition III (INSU Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » INSU Acquisition Corp III (NAS:IIII) » Definitions » Cash-to-Debt
Comparable Companies
JUGG FTAA BLEU FTEV GTPA DISA BACA FTCV FTPA EMLD GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
INSU Acquisition Corp III is a blank check company.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO and Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Walter T Beach director 409 SILVERSIDE ROAD, WILMINGTON DE 19809
John C Chrystal director C/O BANCORP, INC., 409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Cohen & Company, Llc 10 percent owner 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19103
John Miles Butler officer: President and CEO 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sasson Posner director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sheila Nicoll director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Dioptra Advisors Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104