OceanTech Acquisitions I (OceanTech Acquisitions I) Cash-to-Debt : 0.06 (As of Dec. 2023)

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

What is OceanTech Acquisitions 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. OceanTech Acquisitions I's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, OceanTech Acquisitions 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 OceanTech Acquisitions I's Cash-to-Debt or its related term are showing as below:

OTAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 1.98
Current: 0.06

During the past 3 years, OceanTech Acquisitions I's highest Cash to Debt Ratio was 1.98. The lowest was 0.06. And the median was 0.11.

OTAC's Cash-to-Debt is ranked worse than
82.76% of 551 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs OTAC: 0.06

OceanTech Acquisitions I Cash-to-Debt Historical Data

The historical data trend for OceanTech Acquisitions 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.

OceanTech Acquisitions I Cash-to-Debt Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.98

0.11

0.06

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.11	0.02	0.16	0.06	0.06

Competitive Comparison of OceanTech Acquisitions I's Cash-to-Debt

For the Shell Companies subindustry, OceanTech Acquisitions 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.

OceanTech Acquisitions I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

OceanTech Acquisitions 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.

OceanTech Acquisitions I'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)
	=	0.101	/	(1.652	+	0)
	=	0.06

OceanTech Acquisitions I's Cash to Debt Ratio for the quarter 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)
	=	0.101	/	(1.652	+	0)
	=	0.06

OceanTech Acquisitions I (OTCPK:OTAC) 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.

OceanTech Acquisitions I Cash-to-Debt Related Terms

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

OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (OTCPK:OTAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is 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

Knuettel Ii Francis	officer: Chief Financial Officer	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Aspire Acquistion Llc	10 percent owner	515 MADISON AVE., SUITE 8078, NEW YORK NY 10022
Srinivasan Venkatesh	director	2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan	director	334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Michael L Peterson	director	17 CANARY COURT, DANVILLE CA 94526
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Philippe Franchet	director	C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002
Ken Hickling	officer: Chief Operations Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Charles Baumgartner	officer: Chief Financial Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Joseph Adir	director, 10 percent owner, officer: Chief Executive Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Eric Blair	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Oceantech Acquisitions I Sponsors Llc	10 percent owner	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022