Mason Industrial Technology (Mason Industrial Technology) Cash-to-Debt : 1.18 (As of Sep. 2022)

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What is Mason Industrial Technology 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. Mason Industrial Technology's cash to debt ratio for the quarter that ended in Sep. 2022 was 1.18.

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, Mason Industrial Technology could 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 Mason Industrial Technology's Cash-to-Debt or its related term are showing as below:

MIT.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: No Debt Max: No Debt
Current: 1.18

During the past 2 years, Mason Industrial Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.56. And the median was No Debt.

MIT.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs MIT.U: 1.18

Mason Industrial Technology Cash-to-Debt Historical Data

The historical data trend for Mason Industrial Technology'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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Mason Industrial Technology Cash-to-Debt Chart

Mason Industrial Technology Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

0.56

No Debt

Mason Industrial Technology Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	0.76	1.18

Competitive Comparison of Mason Industrial Technology's Cash-to-Debt

For the Shell Companies subindustry, Mason Industrial Technology'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.

Mason Industrial Technology's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Mason Industrial Technology's Cash-to-Debt falls into.

Mason Industrial Technology 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.

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

Mason Industrial Technology had no debt ⁽¹⁾.

Mason Industrial Technology'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)
	=	0.353	/	(0.3	+	0)
	=	1.18

Mason Industrial Technology (NYSE:MIT.U) 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.

Mason Industrial Technology Cash-to-Debt Related Terms

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

Mason Industrial Technology (Mason Industrial Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mason Industrial Technology Inc (NYSE:MIT.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East 59th Street, New York, NY, USA, 10022

Website

https://www.masonitech.com

Mason Industrial Technology Inc is a blank check company.

Executives

William B Plummer	director	C/O UNITED RENTALS INC / DE, 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902
James L Bauman	director	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mason Capital Management Llc	director, 10 percent owner	110 EAST 59TH STREET, 30TH FLOOR, NEW YORK NY 10022
Kenneth M. Garschina	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Michael E Martino	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Rose Edward Arthur Iii	director, officer: Chief Executive Officer	5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Sanford Marshall C Jr	director	1725 ATLANTIC AVE, SULLIVANS ISLAND SC 29482
Mason Industrial Sponsor, Llc	10 percent owner	110 E. 59TH STREET, NEW YORK NY 10022
Derek Satzinger	director, officer: Chief Financial Officer	110 E. 59TH STREET, NEW YORK NY 10022
Diane M. Parisi	director	110 E. 59TH STREET, NEW YORK NY 10022
Pamela Chepiga	director	110 E. 59TH STREET, NEW YORK NY 10022
Philip B. Whitehead	director	110 E. 59TH STREET, NEW YORK NY 10022
Mason Capital Master Fund, L.p.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Mason Management Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022

Mason Industrial Technology (Mason Industrial Technology) Headlines

From GuruFocus

Mason Industrial Technology, Inc. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 01-31-2023

Mason Industrial Technology, Inc. Completes $500,000,000 Initial Public Offering

By Business Wire Business Wire • 02-02-2021