RXR Acquisition (RXR Acquisition) Cash-to-Debt : 0.21 (As of Sep. 2022)

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What is RXR 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. RXR Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.21.

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, RXR Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(1) 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.

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

RXRAW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.21

During the past 1 years, RXR Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

RXRAW's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.5 vs RXRAW: 0.21

RXR Acquisition Cash-to-Debt Historical Data

The historical data trend for RXR 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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RXR Acquisition Cash-to-Debt Chart

RXR Acquisition Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

RXR Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	0.15	0.21

Competitive Comparison of RXR Acquisition's Cash-to-Debt

For the Shell Companies subindustry, RXR 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.

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

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

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

RXR 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.

RXR Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

RXR Acquisition had no debt ⁽¹⁾.

RXR Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.093	/	(0.45	+	0)
	=	0.21

RXR Acquisition (NAS:RXRAW) 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.

RXR Acquisition Cash-to-Debt Related Terms

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

RXR Acquisition (RXR Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 Rxr Plaza Uniondale, New York, NY, USA, 11556

Website

https://www.rxracquisitioncorp.com

RXR Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

RXR Acquisition (RXR Acquisition) Headlines

From GuruFocus

RXR Acquisition Corp. Announces it Will Redeem its Public Shares and Will Not Consummate an Initial Business Combination

By PRNewswire PRNewswire • 12-19-2022

RXR Acquisition Corp. Announces Closing of Upsized $300 Million Initial Public Offering

By Marketwired Marketwired • 03-09-2021