Talon 1 Acquisition (Talon 1 Acquisition) Cash-to-Debt : 3.55 (As of Mar. 2023)

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What is Talon 1 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. Talon 1 Acquisition's cash to debt ratio for the quarter that ended in Mar. 2023 was 3.55.

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, Talon 1 Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

(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 Talon 1 Acquisition's Cash-to-Debt or its related term are showing as below:

TOACU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 10.81 Max: No Debt
Current: 3.55

During the past 2 years, Talon 1 Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 10.81.

TOACU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.45 vs TOACU: 3.55

Talon 1 Acquisition Cash-to-Debt Historical Data

The historical data trend for Talon 1 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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Talon 1 Acquisition Cash-to-Debt Chart

Talon 1 Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

12.11

No Debt

Talon 1 Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial			9.51	No Debt	No Debt	No Debt	3.55

Competitive Comparison of Talon 1 Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Talon 1 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.

Talon 1 Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Talon 1 Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Talon 1 Acquisition's Cash-to-Debt falls into.

Talon 1 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.

Talon 1 Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Talon 1 Acquisition had no debt ⁽¹⁾.

Talon 1 Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.362	/	(0.102	+	0)
	=	3.55

Talon 1 Acquisition (NAS:TOACU) 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.

Talon 1 Acquisition Cash-to-Debt Related Terms

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Talon 1 Acquisition (Talon 1 Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Talon 1 Acquisition Corp (NAS:TOACU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2333 Ponce de Leon Boulevard, Suite 630, Coral Gables, FL, USA, 33134

Website

https://www.talon1acquisitioncorp.com

Talon 1 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.

Talon 1 Acquisition (Talon 1 Acquisition) Headlines

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Talon 1 Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Late Form 10-Q Filing

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Talon 1 Acquisition Corp. Announces Closing of $230,000,000 Initial Public Offering

By PRNewswire PRNewswire • 11-08-2021