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Iron Spark I (Iron Spark I) Cash-to-Debt : 0.34 (As of Sep. 2022)


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What is Iron Spark I 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. Iron Spark I's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.34.

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, Iron Spark I couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 Iron Spark I's Cash-to-Debt or its related term are showing as below:

ISAA's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 4.89
* Ranked among companies with meaningful Cash-to-Debt only.

Iron Spark I Cash-to-Debt Historical Data

The historical data trend for Iron Spark I'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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Iron Spark I Cash-to-Debt Chart

Iron Spark I Annual Data
Trend Dec21
Cash-to-Debt
No Debt

Iron Spark I Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt 0.34

Competitive Comparison of Iron Spark I's Cash-to-Debt

For the Shell Companies subindustry, Iron Spark I'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.

Iron Spark I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Iron Spark I's Cash-to-Debt falls into.


Iron Spark I 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.

Iron Spark I's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Iron Spark I had no debt (1).

Iron Spark I'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)
=0.135 / (0.395 + 0)
=0.34

* 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.

Iron Spark I  (NAS:ISAA) 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.

Iron Spark I Cash-to-Debt Related Terms

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Iron Spark I (Iron Spark I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iron Spark I Inc (NAS:ISAA) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
125 N Cache Street, 2nd Floor, Box 3789, Jackson, WY, USA, 83001
Website
https://www.ironspark.com
Iron Spark I Inc is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Jay Margolis director C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Trevor A Edwards director 2080 NW 133RD PLACE, PORTLAND OR 97229
Amy S Butte director C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Joshua L Spear director, 10 percent owner, officer: CEO 125 N CACHE STREET, JACKSON WY 83001
Alexander P Oxman 10 percent owner, officer: CFO and COO 125 N CACHE STREET, JACKSON WY 83001
Ruma Bose director 125 N CACHE STREET, JACKSON WY 83001
Iron Spark I Llc 10 percent owner 125 N CACHE STREET, JACKSON WY 83001