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LVRAU (Levere Holdings) Cash-to-Debt : 0.53 (As of Sep. 2022)


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What is Levere Holdings 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. Levere Holdings's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.53.

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, Levere Holdings 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 Levere Holdings's Cash-to-Debt or its related term are showing as below:

LVRAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53   Med: No Debt   Max: No Debt
Current: 0.53

During the past 1 years, Levere Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.53. And the median was No Debt.

LVRAU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 6.98 vs LVRAU: 0.53

Levere Holdings Cash-to-Debt Historical Data

The historical data trend for Levere Holdings'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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Levere Holdings Cash-to-Debt Chart

Levere Holdings Annual Data
Trend Dec21
Cash-to-Debt
No Debt

Levere Holdings Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt 0.68 0.53

Competitive Comparison of Levere Holdings's Cash-to-Debt

For the Shell Companies subindustry, Levere Holdings'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.

Levere Holdings's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


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Levere Holdings 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.

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

Levere Holdings had no debt (1).

Levere Holdings'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)
=0.513 / (0.96 + 0)
=0.53

* 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.

Levere Holdings  (NAS:LVRAU) 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.

Levere Holdings Cash-to-Debt Related Terms

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Levere Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Levere Holdings Corp (NAS:LVRAU) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
Boundary Hall, Cricket Square, P.O. Box 1093, Grand Cayman, CYM, KY1-1102
Website
https://www.levereholdings.com
Levere Holdings Corp is a blank check company.
Executives
Ulrich Hoernke officer: Chief Financial Officer SOCKINGERSTRASSE 29, STARNBERG 2M 82319
Wilko A Stark director AMSELWEG 23, GERLINGEN 2M 70839
Stefan Krause officer: See Remarks PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Waisman-diamond Martin Varsavsky director, 10 percent owner, officer: See Remarks PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Andrea Yasmina Fage-lana director, officer: Chief Operating Officer PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Matthieu Pigasse director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Network Gmbh Goggo 10 percent owner AXEL-SPRINGER-STRASSE 65, BERLIN 2M 10888
Ingo Hueck director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Bodo Uebber director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Alex Clavel director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102