NLITW (Northern Lights Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2022)

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What is Northern Lights 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. Northern Lights Acquisition's cash to debt ratio for the quarter that ended in Jun. 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, Northern Lights Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Northern Lights Acquisition's Cash-to-Debt or its related term are showing as below:

NLITW' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.1 Med: No Debt Max: No Debt
Current: No Debt

During the past 1 years, Northern Lights Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 10.10. And the median was No Debt.

NLITW's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 6.915 vs NLITW: No Debt

Northern Lights Acquisition Cash-to-Debt Historical Data

The historical data trend for Northern Lights 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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Northern Lights Acquisition Cash-to-Debt Chart

Northern Lights Acquisition Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

Northern Lights Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash-to-Debt	Get a 7-Day Free Trial			10.10	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Northern Lights Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Northern Lights 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.

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

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

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

Northern Lights 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.

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

Northern Lights Acquisition had no debt ⁽¹⁾.

Northern Lights Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Northern Lights Acquisition had no debt ⁽¹⁾.

Northern Lights Acquisition (NAS:NLITW) 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.

Northern Lights Acquisition Cash-to-Debt Related Terms

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Northern Lights Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Lights Acquisition Corp (NAS:NLITW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 East 53rd Street, Suite 3001, New York, NY, USA, 10022

Website

Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.