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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. Turmeric Acquisition's cash to debt ratio for the quarter that ended in Jun. 2022 was No Debt (1).
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Turmeric Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Turmeric Acquisition's Cash-to-Debt or its related term are showing as below:
During the past 2 years, Turmeric Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.
The historical data trend for Turmeric 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.
Turmeric Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Cash-to-Debt | No Debt | No Debt |
Turmeric Acquisition Quarterly Data | ||||||||
Aug20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | ||
Cash-to-Debt | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Shell Companies subindustry, Turmeric 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.
For the Diversified Financial Services industry and Financial Services sector, Turmeric Acquisition's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Turmeric Acquisition's Cash-to-Debt falls into.
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.
Turmeric Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
Turmeric Acquisition had no debt (1).
Turmeric Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:
Turmeric Acquisition had no debt (1).
* 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.
Turmeric Acquisition (NAS:TMPMU) 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.
Thank you for viewing the detailed overview of Turmeric Acquisition's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Luke Evnin | officer: Chief Executive Officer | THE JOHN HANCOCK TOWER, 200 CLARENDON STREET, 54TH STREET, BOSTON MA 02116 |
Mitchell H. Finer | director | C/O BLUEBIRD BIO, INC., 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Edward Hurwitz | officer: Chief Financial Officer | |
Todd Foley | officer: President | THE JOHN HANCOCK TOWER, 200 CLARENDON STREET 54TH FLOOR, BOSTON MA 02116 |
Pablo J Cagnoni | director | ONYX PHARMACEUTICALS, INC., 249 E. GRAND AVE., SOUTH SAN FRANCISCO CA 94080 |
David P Meeker | director | C/O PENWEST PHARMACEUTICALS CO, 39 OLD RIDGEBURY ROAD SUITE 11, DANBURY CT 06810 |
Andrew R Robbins | director | C/O 3200 WALNUT ST, BOULDER CO 80301 |
Matthew Roden | director | 450 KENDALL STREET, CAMBRIDGE MA 02142 |
Turmeric Management, Llc | 10 percent owner | 450 KENDALL STREET, CAMBRIDGE MA 02142 |
Vinay Bhaskar | officer: Chief Operating Officer | 2000 SIERRA POINT PARKWAY, SUITE 701, BRISBANE CA 94005 |
From GuruFocus
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