UTA Acquisition (UTA Acquisition) Cash-to-Debt : 0.03 (As of Jun. 2023)

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What is UTA 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. UTA Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.03.

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

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

UTAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.27 Max: 1.52
Current: 0.03

During the past 2 years, UTA Acquisition's highest Cash to Debt Ratio was 1.52. The lowest was 0.02. And the median was 0.27.

UTAA's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs UTAA: 0.03

UTA Acquisition Cash-to-Debt Historical Data

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

UTA Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

1.52

0.27

UTA Acquisition Quarterly Data
	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			0.02	0.41	0.27	0.03	0.03

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

For the Shell Companies subindustry, UTA 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.

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

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

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

UTA 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.

UTA 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)
	=	0.154	/	(0.578	+	0)
	=	0.27

UTA Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.025	/	(0.836	+	0)
	=	0.03

UTA Acquisition (NAS:UTAA) 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.

UTA Acquisition Cash-to-Debt Related Terms

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

UTA Acquisition (UTA Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 5th Avenue, 7th Floor, New York, NY, USA, 10010

Website

https://investors.utaacorp.com

UTA Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Kathy P Vrabeck	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Reginald Fils-aime	director	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Alexis Ohanian	director	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Ophir Lupu	officer: President	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Chris Jefferis	officer: Chief Financial Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Jamie Sharp	officer: Co-Chief Executive Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Clinton Foy	director, officer: Co-Chief Executive Officer	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Uta Acquisition Sponsor Llc	10 percent owner	C/O UTA ACQUISITION CORP., 135 5TH AVENUE, 7TH FLOOR, NEW YORK NY 10010

UTA Acquisition (UTA Acquisition) Headlines

From GuruFocus

UTA Acquisition Corporation Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 12-06-2021

UTA Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing January 24, 2022

By Business Wire Business Wire • 01-20-2022