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Onyx Acquisition Co I (Onyx Acquisition Co I) Cash-to-Debt : 0.03 (As of Dec. 2023)


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

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

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

During the past 3 years, Onyx Acquisition Co I's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

ONYX's Cash-to-Debt is ranked worse than
89.54% of 545 companies
in the Diversified Financial Services industry
Industry Median: 5.45 vs ONYX: 0.03

Onyx Acquisition Co I Cash-to-Debt Historical Data

The historical data trend for Onyx Acquisition Co 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.

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Onyx Acquisition Co I Cash-to-Debt Chart

Onyx Acquisition Co I Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt 0.03

Onyx Acquisition Co I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.67 0.22 0.06 0.03

Competitive Comparison of Onyx Acquisition Co I's Cash-to-Debt

For the Shell Companies subindustry, Onyx Acquisition Co 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.


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

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

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



Onyx Acquisition Co 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.

Onyx Acquisition Co I's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Onyx Acquisition Co I's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Onyx Acquisition Co I  (NAS:ONYX) 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.


Onyx Acquisition Co I Cash-to-Debt Related Terms

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


Onyx Acquisition Co I (Onyx Acquisition Co I) Business Description

Traded in Other Exchanges
N/A
Address
104 5th Avenue, New York, NY, USA, 10011
Onyx Acquisition Co I 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.
Executives
Dan Gropper 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Carronade Capital Management, Lp 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Vr Advisory Services Ltd 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Vr Global Partners, L.p. 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Group Ltd. 10 percent owner DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755
Richard Deitz 10 percent owner NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB
Vr Capital Participation Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Holdings Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Onyx Acquisition Sponsor Co. Llc 10 percent owner 104 5TH AVENUE, NEW YORK NY 10011
Serena Rakhlin officer: General Counsel C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Zev Stern director, 10 percent owner, officer: CEO and Chairman C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Ryan Lehmann director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Matthew Vodola 10 percent owner, officer: Chief Financial Officer C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Neto Edmar Prado Lopes director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Benjamin Lerner 10 percent owner, officer: President C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011