OPY Acquisition I (OPY Acquisition I) Cash-to-Debt : 0.10 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is OPY Acquisition I 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. OPY Acquisition I's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.10.

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, OPY Acquisition I couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

OHAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 2.33 Max: No Debt
Current: 0.1

During the past 3 years, OPY Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 2.33.

OHAA's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.775 vs OHAA: 0.10

OPY Acquisition I Cash-to-Debt Historical Data

The historical data trend for OPY Acquisition I'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.

OPY Acquisition I Cash-to-Debt Chart

OPY Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

2.33

OPY Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	2.33	1.51	0.36	0.10

Competitive Comparison of OPY Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, OPY Acquisition I'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.

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

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

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

OPY Acquisition I 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.

OPY Acquisition I'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)
	=	0.816	/	(0.35	+	0)
	=	2.33

OPY Acquisition I's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.065	/	(0.67	+	0)
	=	0.10

OPY Acquisition I (NAS:OHAA) 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.

OPY Acquisition I Cash-to-Debt Related Terms

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

OPY Acquisition I (OPY Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OPY Acquisition Corp I (NAS:OHAA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Broad Street, New York, NY, USA, 10004

Website

https://www.opyacquisitioncorp.com

OPY Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Kim D Blickenstaff	director	C/O MEDIVATION, INC., 201 SPEAR STREET, 3RD FLOOR, SAN FRANCISCO CA 94105
David R Epstein	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 W. 57TH STREET, NEW YORK NY 10019
Jonathan B. Siegel	director, officer: Chief Executive Officer	C/O KINGDON CAPITAL MANAGEMENT, L.L.C., 152 WEST 57TH STREET, 50TH FLOOR, NEW YORK NY 10019
Barbara Weber	director	C/O REVOLUTION MEDICINES, INC., 700 SAGINAW DRIVE, REDWOOD CITY CA 94063
Opy Acquisition Llc I	10 percent owner	85 BROAD STREET, NEW YORK NY 10004
Jonathan B Fassberg	director	85 BROAD STREET, NEW YORK NY 10004

OPY Acquisition I (OPY Acquisition I) Headlines

From GuruFocus

OPY Acquisition Corp I Announces Intent to Liquidate

By Business Wire • 12-18-2023

OPY Acquisition Corp. I Announces Closing of Upsized $110 Million Initial Public Offering

By Business Wire Business Wire • 10-29-2021

OPY Acquisition Corp. I Announces Closing of Over-Allotment Option in Connection With Its Initial Public Offering

By Business Wire Business Wire • 11-05-2021