Project Energy Reimagined Acquisition (Project Energy Reimagined Acquisition) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is Project Energy Reimagined 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. Project Energy Reimagined Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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

PEGRU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: No Debt Max: No Debt
Current: 0.26

During the past 3 years, Project Energy Reimagined Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was No Debt.

PEGRU's Cash-to-Debt is ranked worse than
69.36% of 545 companies
in the Diversified Financial Services industry
Industry Median: 5.45 vs PEGRU: 0.26

Project Energy Reimagined Acquisition Cash-to-Debt Historical Data

The historical data trend for Project Energy Reimagined 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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Project Energy Reimagined Acquisition Cash-to-Debt Chart

Project Energy Reimagined Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.26

Project Energy Reimagined Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	0.67	0.26

Competitive Comparison of Project Energy Reimagined Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Project Energy Reimagined 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.

Project Energy Reimagined Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Project Energy Reimagined 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.

Project Energy Reimagined Acquisition'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)
	=	0.128	/	(0.5	+	0)
	=	0.26

Project Energy Reimagined Acquisition'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)
	=	0.128	/	(0.5	+	0)
	=	0.26

Project Energy Reimagined Acquisition (NAS:PEGRU) 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.

Project Energy Reimagined Acquisition Cash-to-Debt Related Terms

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