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Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Cash-to-Debt : 0.03 (As of Mar. 2023)


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What is Malacca Straits Acquisition Co 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. Malacca Straits Acquisition Co's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.03.

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, Malacca Straits Acquisition Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Malacca Straits Acquisition Co's Cash-to-Debt or its related term are showing as below:

MLACU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.1   Max: No Debt
Current: 0.03

During the past 3 years, Malacca Straits Acquisition Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.10.

MLACU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs MLACU: 0.03

Malacca Straits Acquisition Co Cash-to-Debt Historical Data

The historical data trend for Malacca Straits Acquisition Co'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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Malacca Straits Acquisition Co Cash-to-Debt Chart

Malacca Straits Acquisition Co Annual Data
Trend Dec20 Dec21 Dec22
Cash-to-Debt
No Debt 0.19 0.01

Malacca Straits Acquisition Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.07 0.08 0.01 0.03

Competitive Comparison of Malacca Straits Acquisition Co's Cash-to-Debt

For the Shell Companies subindustry, Malacca Straits Acquisition Co'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.

Malacca Straits Acquisition Co's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Malacca Straits Acquisition Co 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.

Malacca Straits Acquisition Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=0.034 / (3.051 + 0)
=0.01

Malacca Straits Acquisition Co's Cash to Debt Ratio for the quarter that ended in Mar. 2023 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)
=0.108 / (3.379 + 0)
=0.03

* 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.

Malacca Straits Acquisition Co  (NAS:MLACU) 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.

Malacca Straits Acquisition Co Cash-to-Debt Related Terms

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Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Malacca Straits Acquisition Co Ltd (NAS:MLACU) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
2 Ice House Street, Saint George’s Building, Unit 601-2, Central, Hong Kong, HKG
Website
https://www.malaccastraits.net
Malacca Straits Acquisition Co Ltd is a blank check company.
Executives
Ka Lok Wong director, 10 percent owner 7244 CARRIZO DRIVE,, LA JOLLA CA 92037
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Nomura Holdings Inc 10 percent owner 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645
Nomura Global Financial Products Inc 10 percent owner WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Eugene Ty Tan director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Ming Shu Leung director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Gordon Lo director, officer: CEO and President UNIT 601-2, ST. GEORGE'S BUILDING 2 ICE HOUSE STREET, CENTRAL K3 00000
Christian Jason Chan director C/O SECLAW GROUP, 100 CRESCENT COURT #700, DALLAS TX 75201
Malacca Straits Management Co Ltd 10 percent owner WICKHAM CAY II ROAD TOWN, TORTOLA E9 VG1110
Kenneth Ng director, 10 percent owner, officer: CEO and President 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Dwi Prasetyo Suseno director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Ping He director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000