Rockpool Acquisitions (LSE:ROC) Cash-to-Debt : 8.64 (As of Sep. 2024)

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What is Rockpool Acquisitions 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. Rockpool Acquisitions's cash to debt ratio for the quarter that ended in Sep. 2024 was 8.64.

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, Rockpool Acquisitions could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Rockpool Acquisitions's Cash-to-Debt or its related term are showing as below:

LSE:ROC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 33.65 Max: No Debt
Current: 8.64

During the past 7 years, Rockpool Acquisitions's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 33.65.

LSE:ROC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 7.11 vs LSE:ROC: 8.64

Rockpool Acquisitions Cash-to-Debt Historical Data

The historical data trend for Rockpool Acquisitions'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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Rockpool Acquisitions Cash-to-Debt Chart

Rockpool Acquisitions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.29

13.55

33.65

16.07

Rockpool Acquisitions Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										39.09	33.65	17.78	16.07	8.64

Competitive Comparison of Rockpool Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, Rockpool Acquisitions'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.

Rockpool Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

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Rockpool Acquisitions 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.

Rockpool Acquisitions's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	0.241	/	(0.006	+	0.009)
	=	16.07

Rockpool Acquisitions's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	0.095	/	(0.006	+	0.005)
	=	8.64

Rockpool Acquisitions (LSE:ROC) 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.

Rockpool Acquisitions Cash-to-Debt Related Terms

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

Rockpool Acquisitions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rockpool Acquisitions PLC (LSE:ROC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Cordovan Capital Management Ltd, 5-7 Upper Queen Street, Suite 102, Urban HQ, Belfast, GBR, BT1 6FB

Website

https://www.rockpoolacquisitions.plc.uk

Rockpool Acquisitions PLC is a special purpose acquisition company based in Northern Ireland. The company is seeking to identify and acquire a Northern Ireland-based company that is focused on growth and provides it with that access, helping that company meet its aspirations and full potential.