AMG Acquisition (TSXV:AMG.P) Cash-to-Debt : No Debt ⁽¹⁾ (As of May. 2024)

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What is AMG 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. AMG Acquisition's cash to debt ratio for the quarter that ended in May. 2024 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, AMG Acquisition could pay off its debt using the cash in hand for the quarter that ended in May. 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 AMG Acquisition's Cash-to-Debt or its related term are showing as below:

TSXV:AMG.P' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

TSXV:AMG.P's Cash-to-Debt is ranked better than
99.79% of 477 companies
in the Diversified Financial Services industry
Industry Median: 6.66 vs TSXV:AMG.P: No Debt

AMG Acquisition Cash-to-Debt Historical Data

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

AMG Acquisition Annual Data

Trend

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

AMG Acquisition Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Shell Companies subindustry, AMG 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.

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

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

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

AMG 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.

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

AMG Acquisition had no debt ⁽¹⁾.

AMG Acquisition's Cash to Debt Ratio for the quarter that ended in May. 2024 is calculated as:

AMG Acquisition had no debt ⁽¹⁾.

AMG Acquisition (TSXV:AMG.P) 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.

AMG Acquisition Cash-to-Debt Related Terms

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

AMG Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AMG Acquisition Corp (TSXV:AMG.P) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

230 997 Seymour Street, Office 9, Vancouver, BC, CAN, V6B 3M1

Website

AMG Acquisition Corp is a capital pool company. the principal business is the identification and evaluation of assets or a business and, once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities.

AMG Acquisition Headlines

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AMG Acquisition (TSXV:AMG.P) Cash-to-Debt : No Debt (1) (As of May. 2024)