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Provident Acquisition (Provident Acquisition) Cash-to-Debt : 1.20 (As of Jun. 2022)


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What is Provident 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. Provident Acquisition's cash to debt ratio for the quarter that ended in Jun. 2022 was 1.20.

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, Provident 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 Provident Acquisition's Cash-to-Debt or its related term are showing as below:

PAQC's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 4.95
* Ranked among companies with meaningful Cash-to-Debt only.

Provident Acquisition Cash-to-Debt Historical Data

The historical data trend for Provident 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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Provident Acquisition Cash-to-Debt Chart

Provident Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
- No Debt

Provident Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt 1.20

Competitive Comparison of Provident Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Provident 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.

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

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

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


Provident 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.

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

Provident Acquisition had no debt (1).

Provident Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=0.479 / (0.4 + 0)
=1.20

* 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.

Provident Acquisition  (NAS:PAQC) 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.

Provident Acquisition Cash-to-Debt Related Terms

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Provident Acquisition (Provident Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Provident Acquisition Corp (NAS:PAQC) » Definitions » Cash-to-Debt
Comparable Companies
BLTS ARBG NOAC ASPC PTIC BHAC SCUA VII FVT BOAS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
142 - 146 Queen’s Road Central, Unit 11C/D, Kimley Commercial Building, Hong Kong, HKG
Website
Provident Acquisition Corp is a blank check company.
Executives
Kenneth W Hitchner director C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Andrew Joseph Hoffmann director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Winato Kartono director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Beng Michael Aw Soon director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Williamson John Mackay Mcculloch director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Charles Mark Broadley director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Provident Acquisition Holdings Ltd. director, 10 percent owner UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000