Parsec Capital Acquisitions (Parsec Capital Acquisitions) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is Parsec Capital Acquisitions 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. Parsec Capital Acquisitions's cash to debt ratio for the quarter that ended in Sep. 2022 was No Debt ⁽¹⁾.

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, Parsec Capital Acquisitions could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Parsec Capital Acquisitions's Cash-to-Debt or its related term are showing as below:

PCX's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 5.5
* Ranked among companies with meaningful Cash-to-Debt only.

Parsec Capital Acquisitions Cash-to-Debt Historical Data

The historical data trend for Parsec Capital Acquisitions'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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Parsec Capital Acquisitions Cash-to-Debt Chart

Parsec Capital Acquisitions Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

Parsec Capital Acquisitions Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			0.01	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Parsec Capital Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, Parsec Capital Acquisitions'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.

Parsec Capital Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Parsec Capital Acquisitions 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.

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

Parsec Capital Acquisitions had no debt ⁽¹⁾.

Parsec Capital Acquisitions's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Parsec Capital Acquisitions had no debt ⁽¹⁾.

Parsec Capital Acquisitions (NAS:PCX) 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.

Parsec Capital Acquisitions Cash-to-Debt Related Terms

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

Parsec Capital Acquisitions (Parsec Capital Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Parsec Capital Acquisitions Corp (NAS:PCX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

320 West Main Street, Lewisville, TX, USA, 75057

Website

https://www.parsecacquisition.com

Parsec Capital Acquisitions Corp is a newly organized blank check company.

Executives

William F Readdy	director	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Edmund C. Moy	director	130 ANDOVER PARK EAST SUITE 200, SEATTLE WA 98188
Daniel Kevin Elwell	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Patricia Trompeter	director, officer: Chief Executive Officer	309 LUKES WOOD ROAD, NEW CANAAN CT 06840
Parsec Acquisitions Sponsor, Llc	10 percent owner	320 W MAIN ST., LEWISVILLE TX 75057
Alec Burger	director	113 SKYVIEW LN, NEW CANAAN CT 06840
Paul Haber	director, officer: Chief Financial Officer	10 PAULINE AVENUE, BROOKLIN A6 L1M 2H5