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Prime Impact Acquisition I (Prime Impact Acquisition I) Cash-to-Debt : 0.03 (As of Jun. 2023)


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What is Prime Impact Acquisition 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. Prime Impact Acquisition I's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.03.

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, Prime Impact Acquisition I couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

PRIAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: No Debt   Max: No Debt
Current: 0.03

During the past 3 years, Prime Impact Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

PRIAF's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.45 vs PRIAF: 0.03

Prime Impact Acquisition I Cash-to-Debt Historical Data

The historical data trend for Prime Impact Acquisition 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.

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Prime Impact Acquisition I Cash-to-Debt Chart

Prime Impact Acquisition I Annual Data
Trend Dec20 Dec21 Dec22
Cash-to-Debt
No Debt No Debt 0.08

Prime Impact Acquisition I Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.23 0.08 0.15 0.03

Competitive Comparison of Prime Impact Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, Prime Impact Acquisition 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.

Prime Impact Acquisition I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Prime Impact Acquisition 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.

Prime Impact Acquisition I'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)
=0.115 / (1.461 + 0)
=0.08

Prime Impact Acquisition I's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=0.106 / (3.508 + 0)
=0.03

* 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.

Prime Impact Acquisition I  (OTCPK:PRIAF) 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.

Prime Impact Acquisition I Cash-to-Debt Related Terms

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Prime Impact Acquisition I (Prime Impact Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Prime Impact Acquisition I (OTCPK:PRIAF) » Definitions » Cash-to-Debt
Comparable Companies
FACA CLAA GMBT PRSR FOUN GATE PFDR HCAR PSAG MUDS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
123 East San Carlos Street, Suite 12, San Jose, CA, USA, 95112
Website
https://www.primeimpactcapital.com
Prime Impact Acquisition I is a blank check company.
Executives
Frank Brosens 10 percent owner C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp 10 percent owner 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors Lp 10 percent owner 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors (hong Kong) Ltd 10 percent owner UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
Michael D Cordano officer: Co-Chief Executive Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Mark P Long director, officer: Co-Chief Exec. Officer and CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Cathleen A Benko director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Dixon Doll director 2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Keyur A Patel director
Joanna A Strober director C/O SYMPHONY TECHNOLOGY GROUP, 4015 MIRANDA AVENUE, SECOND FLOOR, PALO ALTO CA 94304
Prime Impact Cayman, Llc 10 percent owner 360 S MARKET STREET, #2202, SAN JOSE CA 95113
Roger Crockett director 123 E. SAN CARLOS STREET, SUITE 12, SAN JOSE CA 95113