GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Infinite Acquisition Corp (NYSE:NFNT) » Definitions » Cash-to-Debt

Infinite Acquisition (Infinite Acquisition) Cash-to-Debt : 0.03 (As of Jun. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Infinite 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. Infinite Acquisition's cash to debt ratio for the quarter that ended in Jun. 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, Infinite Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

NFNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 0.47   Max: No Debt
Current: 0.03

During the past 2 years, Infinite Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.47.

NFNT's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.83 vs NFNT: 0.03

Infinite Acquisition Cash-to-Debt Historical Data

The historical data trend for Infinite 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.

* Premium members only.

Infinite Acquisition Cash-to-Debt Chart

Infinite Acquisition Annual Data
Trend Dec21 Dec22
Cash-to-Debt
No Debt 0.17

Infinite Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 0.47 0.17 0.09 0.03

Competitive Comparison of Infinite Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Infinite 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.

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

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

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


Infinite 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.

Infinite Acquisition'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)
=0.066 / (0.4 + 0)
=0.17

Infinite Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=0.012 / (0.45 + 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.

Infinite Acquisition  (NYSE:NFNT) 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.

Infinite Acquisition Cash-to-Debt Related Terms

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

Infinite Acquisition (Infinite Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Infinite Acquisition Corp (NYSE:NFNT) » Definitions » Cash-to-Debt
Comparable Companies
APGB KCGI CNDA EMLD CXAC RRAC NETD FRBN SVII IPXX PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
745 Fifth Avenue, 15th Floor, New York, NY, USA, 10151
Website
https://infiniteacquisitioncorp.com
Infinite Acquisition Corp is a blank check company.
Executives
David Scott Farber officer: Chief Financial Officer 745 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10151
Anre D Williams director 200 VESEY STREET, NEW YORK NY 10285
Rosenstock James Arthur Iii officer: Chief Financial Officer 3280 PEACHTREE ROAD NE, SUITE 600, ATLANTA GA 30305
Infinite Sponsor, Llc 10 percent owner 660 MADISON AVENUE, NEW YORK NY 10065
Aryeh B Burkoff director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Annastasia Skilakos Seebohm director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Alex Michael officer: Chief Development Officer C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Samuel W Lessin director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Kevin Durant director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Stacey Bendet director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Richard Kleiman director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065