Rigel Resource Acquisition (Rigel Resource Acquisition) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Rigel Resource 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. Rigel Resource Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Rigel Resource 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 Rigel Resource Acquisition's Cash-to-Debt or its related term are showing as below:

RRAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.47 Max: No Debt
Current: 0.01

During the past 3 years, Rigel Resource Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.47.

RRAC's Cash-to-Debt is ranked worse than
95.52% of 558 companies
in the Diversified Financial Services industry
Industry Median: 2.565 vs RRAC: 0.01

Rigel Resource Acquisition Cash-to-Debt Historical Data

The historical data trend for Rigel Resource 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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Rigel Resource Acquisition Cash-to-Debt Chart

Rigel Resource Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.47

0.01

Rigel Resource Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.47	0.23	0.01	0.03	0.01

Competitive Comparison of Rigel Resource Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Rigel Resource 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.

Rigel Resource Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Rigel Resource 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.

Rigel Resource 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)
	=	0.071	/	(5.557	+	0)
	=	0.01

Rigel Resource 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)
	=	0.071	/	(5.557	+	0)
	=	0.01

Rigel Resource Acquisition (NYSE:RRAC) 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.

Rigel Resource Acquisition Cash-to-Debt Related Terms

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

Rigel Resource Acquisition (Rigel Resource Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rigel Resource Acquisition Corp (NYSE:RRAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1045 Avenue of the Americas, 7 Bryant Park, Floor 25, New York, NY, USA, 10018

Website

http://www.rigelacquisition.com

Rigel Resource Acquisition Corp is a blank check company.

Executives

Rigel Resource Acquisition Holding Llc	10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jeff Feeley	officer: Chief Financial Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Nathaniel Abebe	director, officer: President	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jonathan Lamb	director, officer: Chief Executive Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Peter O'hagan	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Timothy Keating	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Kelvin Dushinsky	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Christine Coignard	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Oskar Lewnowski	director, 10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018

Rigel Resource Acquisition (Rigel Resource Acquisition) Headlines

From GuruFocus

Rigel Resource Acquisition Corp. Announces Non-Binding Letter of Intent to Acquire Metals Company

By Business Wire • 07-26-2023