Jupiter Acquisition (Jupiter Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Jupiter 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. Jupiter Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Jupiter Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

JAQC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Jupiter Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

JAQC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.68 vs JAQC: No Debt

Jupiter Acquisition Cash-to-Debt Historical Data

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

Jupiter Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

No Debt

Jupiter Acquisition Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Shell Companies subindustry, Jupiter 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.

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

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

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

Jupiter 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.

Jupiter Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Jupiter Acquisition had no debt ⁽¹⁾.

Jupiter Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Jupiter Acquisition had no debt ⁽¹⁾.

Jupiter Acquisition (NAS:JAQC) 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.

Jupiter Acquisition Cash-to-Debt Related Terms

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

Jupiter Acquisition (Jupiter Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jupiter Acquisition Corp (NAS:JAQC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11450 SE Dixie Highway, Suite 105, Hobe Sound, FL, USA, 33455

Website

Jupiter Acquisition Corp is a blank check company.

Executives

George Pita	director	3000 NW 107TH AVENUE, MIAMI FL 33172
James Nathan Clarke	officer: Vice Chairman	500 EAST SHORE DRIVE, SUITE 120, EAGLE ID 83616
James N Hauslein	director, 10 percent owner, officer: Chairman, CEO and CFO	165 SOUTH BEACH ROAD, HOBE SOUND FL 33455
Robert A Knox	director	TWO STAMFORD PLAZA, 281 TRESSER BLVD., 12TH FLOOR, STAMFORD CT 06901
Gaurav V Burman	director, officer: President	C/O HAUSLEIN & COMPANY, INC., 11450 SE DIXIE HIGHWAY, SUITE 150, HOBE SOUND FL 33455
Jupiter Founders Llc	10 percent owner	11450 SE DIXIE HWY, HOBE SOUND FL 33455
Leong Jonathan Pao Lung	officer: EVP of Strategy and M&A	C/O JUPITER ACQUISITION CORPORATION, 11450 SE DIXIE HWY, HOBE SOUND FL 33455
James Thayer	officer: Chief Operating Officer	C/O JUPITER ACQUISITION CORPORATION, 11450 SE DIXIE HWY, HOBE SOUND FL 33455
White John David Jr	director	C/O JUPITER ACQUISITION CORPORATION, 11450 SE DIXIE HWY, HOBE SOUND FL 33455