CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Cash-to-Debt : 0.02 (As of Jun. 2023)

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What is CC Neuberger Principal Holdings III 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. CC Neuberger Principal Holdings III's cash to debt ratio for the quarter that ended in Jun. 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, CC Neuberger Principal Holdings III 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 CC Neuberger Principal Holdings III's Cash-to-Debt or its related term are showing as below:

PRPC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.65 Max: 5.54
Current: 0.02

During the past 3 years, CC Neuberger Principal Holdings III's highest Cash to Debt Ratio was 5.54. The lowest was 0.02. And the median was 0.65.

PRPC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.95 vs PRPC: 0.02

CC Neuberger Principal Holdings III Cash-to-Debt Historical Data

The historical data trend for CC Neuberger Principal Holdings III'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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CC Neuberger Principal Holdings III Cash-to-Debt Chart

CC Neuberger Principal Holdings III Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

0.48

5.54

CC Neuberger Principal Holdings III Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial					0.77	1.61	5.54	0.67	0.02

Competitive Comparison of CC Neuberger Principal Holdings III's Cash-to-Debt

For the Shell Companies subindustry, CC Neuberger Principal Holdings III'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.

CC Neuberger Principal Holdings III's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, CC Neuberger Principal Holdings III's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CC Neuberger Principal Holdings III's Cash-to-Debt falls into.

CC Neuberger Principal Holdings III 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.

CC Neuberger Principal Holdings III'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)
	=	0.399	/	(0	+	0.072)
	=	5.54

CC Neuberger Principal Holdings III'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)
	=	0.024	/	(0	+	1.316)
	=	0.02

CC Neuberger Principal Holdings III (NYSE:PRPC) 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.

CC Neuberger Principal Holdings III Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CC Neuberger Principal Holdings III's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CC Neuberger Principal Holdings III (NYSE:PRPC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue, 58th Floor, New York, NY, USA, 10166

Website

https://www.ccnbprincipal.com

CC Neuberger Principal Holdings III is a blank check company.

Executives

Matthew Mannelly	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hackney Jesse Joel Jr	director	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Chinh Chu	director, officer: Chief Executive Officer	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Jason K Giordano	officer: EVP, Corporate Development	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Matthew Skurbe	officer: Chief Financial Officer	C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Keith W Abell	director	388 GREENWICH STREET 36TH FLOOR, NEW YORK NY 10013
Douglas Newton	officer: EVP, Corporate Development	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor	director	C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Iii Sponsor Llc	director, 10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166

CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Headlines

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