Global InterConnection Group (XAMS:CABLE) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Global InterConnection Group 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. Global InterConnection Group's cash to debt ratio for the quarter that ended in Dec. 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, Global InterConnection Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XAMS:CABLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 0.03

During the past 3 years, Global InterConnection Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

XAMS:CABLE's Cash-to-Debt is ranked worse than
88.24% of 527 companies
in the Diversified Financial Services industry
Industry Median: 5.37 vs XAMS:CABLE: 0.03

Global InterConnection Group Cash-to-Debt Historical Data

The historical data trend for Global InterConnection Group'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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Global InterConnection Group Cash-to-Debt Chart

Global InterConnection Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.03

Global InterConnection Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	-	No Debt	0.03

Competitive Comparison of Global InterConnection Group's Cash-to-Debt

For the Shell Companies subindustry, Global InterConnection Group'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.

Global InterConnection Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Global InterConnection Group's Cash-to-Debt falls into.

Global InterConnection Group 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.

Global InterConnection Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.932	/	(1.095	+	31.965)
	=	0.03

Global InterConnection Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.932	/	(1.095	+	31.965)
	=	0.03

Global InterConnection Group (XAMS:CABLE) 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.

Global InterConnection Group Cash-to-Debt Related Terms

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Global InterConnection Group (XAMS:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global InterConnection Group Ltd (XAMS:CABLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9OD:Germany

Address

First Floor, 10 Lefebvre Street, Saint Peter Port, GGY, GY1 2PE

Website

https://www.globalinterconnectiongroup.com

Global InterConnection Group Ltd formerly Disruptive Capital Acquisition Co Ltd is a special-purpose acquisition company. The Company intends to focus on undertaking a Business Combination with a target business or entity operating in the financial services sector.

Global InterConnection Group (XAMS:CABLE) Headlines

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