McLaren Technology Acquisition (McLaren Technology Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is McLaren Technology 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. McLaren Technology Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 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, McLaren Technology Acquisition 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 McLaren Technology Acquisition's Cash-to-Debt or its related term are showing as below:

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

During the past 1 years, McLaren Technology Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was No Debt.

MLAIU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs MLAIU: No Debt

McLaren Technology Acquisition Cash-to-Debt Historical Data

The historical data trend for McLaren Technology 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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McLaren Technology Acquisition Cash-to-Debt Chart

McLaren Technology Acquisition Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

McLaren Technology Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			0.10	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of McLaren Technology Acquisition's Cash-to-Debt

For the Shell Companies subindustry, McLaren Technology 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.

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

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

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

McLaren Technology 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.

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

McLaren Technology Acquisition had no debt ⁽¹⁾.

McLaren Technology Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

McLaren Technology Acquisition had no debt ⁽¹⁾.

McLaren Technology Acquisition (NAS:MLAIU) 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.

McLaren Technology Acquisition Cash-to-Debt Related Terms

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

McLaren Technology Acquisition (McLaren Technology Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Michelson Drive, Suite 1700, Irvine, CA, USA, 92612

Website

McLaren Technology Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

McLaren Technology Acquisition (McLaren Technology Acquisition) Headlines

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McLaren Technology Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

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McLaren Technology Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

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McLaren Technology Acquisition (McLaren Technology Acquisition) Cash-to-Debt : No Debt (1) (As of Sep. 2022)