SUAC (ShoulderUp Technology Acquisition) Cash-to-Debt : 0.51 (As of Sep. 2024)

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What is ShoulderUp Technology 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. ShoulderUp Technology Acquisition's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.51.

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, ShoulderUp Technology Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 ShoulderUp Technology Acquisition's Cash-to-Debt or its related term are showing as below:

SUAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: No Debt Max: No Debt
Current: 0.51

During the past 3 years, ShoulderUp Technology Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.51. And the median was No Debt.

SUAC's Cash-to-Debt is ranked worse than
68.31% of 426 companies
in the Diversified Financial Services industry
Industry Median: 6.21 vs SUAC: 0.51

ShoulderUp Technology Acquisition Cash-to-Debt Historical Data

The historical data trend for ShoulderUp Technology 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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ShoulderUp Technology Acquisition Cash-to-Debt Chart

ShoulderUp Technology Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

ShoulderUp Technology Acquisition Quarterly Data
	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	1.06	0.51

Competitive Comparison of ShoulderUp Technology Acquisition's Cash-to-Debt

For the Shell Companies subindustry, ShoulderUp Technology 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.

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

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

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

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ShoulderUp Technology 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.

ShoulderUp Technology Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

ShoulderUp Technology Acquisition had no debt ⁽¹⁾.

ShoulderUp Technology Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	0.192	/	(0.375	+	0)
	=	0.51

ShoulderUp Technology Acquisition (OTCPK:SUAC) 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.

ShoulderUp Technology Acquisition Cash-to-Debt Related Terms

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

ShoulderUp Technology Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ShoulderUp Technology Acquisition Corp (OTCPK:SUAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144

Website

https://www.shoulderupacquisition.com

ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Danelle Marie Barrett	director	50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Shawn Henry	director	CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086
Lauren C Anderson	director	C/O IMAGEWARE SYSTEMS INC., 13500 EVENING CREEK DRIVE N STE 550, SAN DIEGO CA 92128
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Stacey Y. Abrams	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Janice Bryant Howroyd	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Grace Vandecruze	officer: Chief Financial Officer	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Shoulderup Technology Sponsor, Llc	10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144