Sizzle Acquisition (Sizzle Acquisition) Cash-to-Debt : 0.00 (As of Sep. 2023)

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What is Sizzle 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. Sizzle Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.00.

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, Sizzle Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

During the past 3 years, Sizzle Acquisition's highest Cash to Debt Ratio was 6.84. The lowest was 0.00. And the median was 2.94.

SZZL's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.24
* Ranked among companies with meaningful Cash-to-Debt only.

Sizzle Acquisition Cash-to-Debt Historical Data

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

Sizzle Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.34

6.84

5.39

Sizzle Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							3.52	5.39	2.94	0.04	-

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

For the Shell Companies subindustry, Sizzle 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.

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

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

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

Sizzle 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.

Sizzle Acquisition'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)
	=	0.824	/	(0.153	+	0)
	=	5.39

Sizzle Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.001	/	(0.964	+	0)
	=	0.00

Sizzle Acquisition (NAS:SZZL) 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.

Sizzle Acquisition Cash-to-Debt Related Terms

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Sizzle Acquisition (Sizzle Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

4201 Georgia Avenue NW, Washington, DC, USA, 20011

Website

https://sizzlespac.com

Sizzle Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

Executives

Warren M Thompson	director	4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Jamieson Karson	director, 10 percent owner	C/O STEVEN MADDEN LTD, 52 16 BARNETT AVENUE, LONG ISLAND CITY NY 11104
Karen A Kelley	director	6475 CHRISTIE AVENUE, SUITE 150, EMERYVILLE CA 94608
Vo Sponsor, Llc	10 percent owner	4201 GEORGIA AVE NW, WASHINGTON DC 20011
Daniel Christopher Lee	officer: Head of Business Development	4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
Steve Salis	director, 10 percent owner, officer: Chief Executive Officer	4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
David Perlin	director	4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
Nestor Nova	officer: CFO & Secretary	4201 GEORGIA AVENUE NW, WASHINGTON DC 20011