IPVF.U (InterPrivate III Financial Partners) Cash-to-Debt : 213.92 (As of Sep. 2023)

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What is InterPrivate III Financial Partners 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. InterPrivate III Financial Partners's cash to debt ratio for the quarter that ended in Sep. 2023 was 213.92.

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, InterPrivate III Financial Partners could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for InterPrivate III Financial Partners's Cash-to-Debt or its related term are showing as below:

IPVF.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.34 Med: 278.69 Max: No Debt
Current: 213.92

During the past 2 years, InterPrivate III Financial Partners's highest Cash to Debt Ratio was No Debt. The lowest was 8.34. And the median was 278.69.

IPVF.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 6.725 vs IPVF.U: 213.92

InterPrivate III Financial Partners Cash-to-Debt Historical Data

The historical data trend for InterPrivate III Financial Partners'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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InterPrivate III Financial Partners Cash-to-Debt Chart

InterPrivate III Financial Partners Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

8.34

84.36

InterPrivate III Financial Partners Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						343.47	84.36	No Debt	No Debt	213.92

Competitive Comparison of InterPrivate III Financial Partners's Cash-to-Debt

For the Shell Companies subindustry, InterPrivate III Financial Partners'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.

InterPrivate III Financial Partners's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where InterPrivate III Financial Partners's Cash-to-Debt falls into.

InterPrivate III Financial Partners 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.

InterPrivate III Financial Partners's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	7.592	/	(0.09	+	0)
	=	84.36

InterPrivate III Financial Partners's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2.567	/	(0.012	+	0)
	=	213.92

InterPrivate III Financial Partners (AMEX:IPVF.U) 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.

InterPrivate III Financial Partners Cash-to-Debt Related Terms

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InterPrivate III Financial Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » InterPrivate III Financial Partners Inc (AMEX:IPVF.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1350 Avenue of the Americas, 2nd Floor, New York, NY, USA, 10019

Website

https://www.ipvspac.com

InterPrivate III Financial Partners Inc is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.

Executives

Richard A Mcginn	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
John B Mccoy	director	208 S. AKARD ST., --, DALLAS TX 75202
Howard H Newman	director	C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165
Ahmed M Fattouh	10 percent owner, officer: Chairman and CEO	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Brandon C Bentley	officer: General Counsel	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Minesh K Patel	officer: Vice President	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Sunil Aruna Kappagoda	director, officer: Vice Chairman	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Interprivate Acquisition Management Iii, Llc	10 percent owner, other: Director by Deputization	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Nicholaos Krenteras	director, officer: President	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Gordy Holterman	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019