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ScION Tech Growth I (ScION Tech Growth I) Cash-to-Debt : 0.44 (As of Sep. 2022)


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What is ScION Tech Growth 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. ScION Tech Growth I's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.44.

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, ScION Tech Growth I 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 ScION Tech Growth I's Cash-to-Debt or its related term are showing as below:

SCOA's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.98
* Ranked among companies with meaningful Cash-to-Debt only.

ScION Tech Growth I Cash-to-Debt Historical Data

The historical data trend for ScION Tech Growth 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.

* Premium members only.

ScION Tech Growth I Cash-to-Debt Chart

ScION Tech Growth I Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt No Debt

ScION Tech Growth I Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt 0.44

Competitive Comparison of ScION Tech Growth I's Cash-to-Debt

For the Shell Companies subindustry, ScION Tech Growth 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.

ScION Tech Growth I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ScION Tech Growth I's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ScION Tech Growth I's Cash-to-Debt falls into.


ScION Tech Growth 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.

ScION Tech Growth I's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

ScION Tech Growth I had no debt (1).

ScION Tech Growth I'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)
=0.03 / (0.069 + 0)
=0.43

* 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.

ScION Tech Growth I  (NAS:SCOA) 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.

ScION Tech Growth I Cash-to-Debt Related Terms

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ScION Tech Growth I (ScION Tech Growth I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ScION Tech Growth I (NAS:SCOA) » Definitions » Cash-to-Debt
Comparable Companies
LMACA LGAC SLAM MSDA GOAC FPAC HIII BTWN AVAN CCVI GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
10 Queen Street Place, 2nd Floor, London, GBR, EC4R 1BE
Website
ScION Tech Growth I is a blank check company.
Executives
Kunal Gullapalli officer: Chief Financial Officer 66 CROSBY ST 5E, NEW YORK NY 10012
Andrea Pignataro director, officer: Executive Chairman MINERVA HOUSE 4TH FLOOR DUBLIN 4, SIMMONSCOURT ROAD, DUBLIN K6 D04H9P8
Kenneth T Schiciano director 125 HIGH ST STE 2500, BOSTON MA 02110
Sheila Hooda director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Edward Alexander Triplett officer: Chief Financial Officer 10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
Scion 1 Sponsor Llc director, 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Mathew Judd Cestar director, officer: Chief Executive Officer 10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
John Louis Woyton director PARK CORNER HOUSE, BASINGSTOKE ROAD, HECKFIELD, LONDON X0 RG270LJ