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TETEF (Technology & Telecommunication Acquisition) Cash-to-Debt : 0.01 (As of Nov. 2024)


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What is Technology & Telecommunication 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. Technology & Telecommunication Acquisition's cash to debt ratio for the quarter that ended in Nov. 2024 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, Technology & Telecommunication Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

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

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

During the past 4 years, Technology & Telecommunication Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.01.

TETEF's Cash-to-Debt is ranked worse than
94.74% of 437 companies
in the Diversified Financial Services industry
Industry Median: 6.98 vs TETEF: 0.01

Technology & Telecommunication Acquisition Cash-to-Debt Historical Data

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

Technology & Telecommunication Acquisition Annual Data
Trend Nov21 Nov22 Nov23 Nov24
Cash-to-Debt
- No Debt 0.01 0.01

Technology & Telecommunication Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - - 0.01 0.01

Competitive Comparison of Technology & Telecommunication Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Technology & Telecommunication 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.

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

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

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


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Technology & Telecommunication 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.

Technology & Telecommunication Acquisition's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
=0.025 / (3.813 + 0)
=0.01

Technology & Telecommunication Acquisition's Cash to Debt Ratio for the quarter that ended in Nov. 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)
=0.025 / (3.813 + 0)
=0.01

* 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.

Technology & Telecommunication Acquisition  (OTCPK:TETEF) 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.

Technology & Telecommunication Acquisition Cash-to-Debt Related Terms

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

Technology & Telecommunication Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Technology & Telecommunication Acquisition Corp (OTCPK:TETEF) » Definitions » Cash-to-Debt
Comparable Companies
WINV MSSA WELNF FORL NBST FTII IGTA ALSAF ATMV GLLI AACT ANSC AAM GATE EQV NETD CCIX KFII CCIR GPAT
Traded in Other Exchanges
N/A
Address
C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200
Website
https://www.tete-acquisition.com
Technology & Telecommunication Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke officer: Chief Financial Officer NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130