Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Integrated Rail and Resources 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. Integrated Rail and Resources Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 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, Integrated Rail and Resources Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Integrated Rail and Resources Acquisition's Cash-to-Debt or its related term are showing as below:

During the past 3 years, Integrated Rail and Resources Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

IRRXU's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 4.68
* Ranked among companies with meaningful Cash-to-Debt only.

Integrated Rail and Resources Acquisition Cash-to-Debt Historical Data

The historical data trend for Integrated Rail and Resources 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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Integrated Rail and Resources Acquisition Cash-to-Debt Chart

Integrated Rail and Resources Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Integrated Rail and Resources Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	0.10	0.01	-	-

Competitive Comparison of Integrated Rail and Resources Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Integrated Rail and Resources 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.

Integrated Rail and Resources Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Integrated Rail and Resources Acquisition's Cash-to-Debt falls into.

Integrated Rail and Resources 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.

Integrated Rail and Resources Acquisition'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	/	(5.471	+	0)
	=	0.00

Integrated Rail and Resources Acquisition's Cash to Debt Ratio for the quarter 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	/	(5.471	+	0)
	=	0.00

Integrated Rail and Resources Acquisition (OTCPK:IRRXU) 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.

Integrated Rail and Resources Acquisition Cash-to-Debt Related Terms

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Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Integrated Rail and Resources Acquisition Corp (OTCPK:IRRXU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IRRX:USA

Address

400 W. Morse Boulevard, Suite 220, Winter Park, FL, USA, 32789

Website

https://www.irr-x.com/

Integrated Rail and Resources Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.