PHP Ventures Acquisition (PHP Ventures Acquisition) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is PHP Ventures 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. PHP Ventures Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, PHP Ventures Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

PPHP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.31 Max: No Debt
Current: 0.02

During the past 2 years, PHP Ventures Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.31.

PPHP's Cash-to-Debt is ranked worse than
92.53% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs PPHP: 0.02

PHP Ventures Acquisition Cash-to-Debt Historical Data

The historical data trend for PHP Ventures 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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PHP Ventures Acquisition Cash-to-Debt Chart

PHP Ventures Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.01

PHP Ventures Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					-	0.01	-	-	0.02

Competitive Comparison of PHP Ventures Acquisition's Cash-to-Debt

For the Shell Companies subindustry, PHP Ventures 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.

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

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

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

PHP Ventures 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.

PHP Ventures Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.025	/	(1.813	+	0)
	=	0.01

PHP Ventures Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.071	/	(3.12	+	0)
	=	0.02

PHP Ventures Acquisition (NAS:PPHP) 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.

PHP Ventures Acquisition Cash-to-Debt Related Terms

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

PHP Ventures Acquisition (PHP Ventures Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PHP Ventures Acquisition Corp (NAS:PPHP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS15/4G, CT 10-06, Level 10, Corporate Tower Subang Square, Subang Jaya, SGR, MYS, 47500

Website

https://www.phpventures.com

PHP Ventures Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Garry Richard Stein	officer: Chief Financial Officer	FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Antony Gordon	director	C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067
Global Link Investment Llc	10 percent owner	25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500
Ngoh Marcus Choo Yeow	director, officer: Chief Executive Officer	CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500
Anih Donald Nnamdi Esq.	director	16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262
Phoon Khye Wang	director	29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000