NOVV (Nova Vision Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is Nova Vision 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. Nova Vision Acquisition's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, Nova Vision Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NOVV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: No Debt
Current: 0.01

During the past 3 years, Nova Vision Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.13.

NOVV's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 7.135 vs NOVV: 0.01

Nova Vision Acquisition Cash-to-Debt Historical Data

The historical data trend for Nova Vision 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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Nova Vision Acquisition Cash-to-Debt Chart

Nova Vision Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.25

0.05

Nova Vision Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										0.12	0.05	0.01	0.01	0.01

Competitive Comparison of Nova Vision Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Nova Vision 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.

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

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

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

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Nova Vision 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.

Nova Vision Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.097	/	(1.999	+	0)
	=	0.05

Nova Vision Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	0.018	/	(3.022	+	0)
	=	0.01

Nova Vision Acquisition (NAS:NOVV) 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.

Nova Vision Acquisition Cash-to-Debt Related Terms

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

Nova Vision Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nova Vision Acquisition Corp (NAS:NOVV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Havelock Road, No. 07-12, Singapore, SGP, 059763

Website

https://www.novavisionacquisition.com

Nova Vision Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wing Ho Ngan	director, 10 percent owner	3 OCEAN WAY,, #05-07,, SINGAPORE U0 098368
Ma Chun Fung Horace	director	FLAT C, 12/F, 42 BROADWAY, MEI FOO SUN CHUEN, KOWLOON, HONG KONG F4 999077
Cheng Tin Lun Brian	director	FLAT 1A, 33/F, CLOVELLY COURT, 12 MAY ROAD, HONG KONG F4 999077
Philip Richard Herbert	director	5B, KELLETT HTS, 61 MT KELLETT ROAD, PEAK, HONG KONG F4 999077
Wong Eric Ping Hang	director, officer: CEO & CFO	UNIT D, 48/F., TOWER 2,, SORRENTO,1 AUSTIN RD W, TSIM SHA TSUI,, KOWLOON, HONG KONG F4 00000
Nova Pulsar Holdings Ltd	10 percent owner	3 OCEAN WAY #5-7, SINGAPORE U0 098368