Pegasus Acquisition Co Europe BV (XAMS:PACEU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Pegasus Acquisition Co Europe BV 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. Pegasus Acquisition Co Europe BV's cash to debt ratio for the quarter that ended in Dec. 2023 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, Pegasus Acquisition Co Europe BV could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Pegasus Acquisition Co Europe BV's Cash-to-Debt or its related term are showing as below:

XAMS:PACEU' 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, Pegasus Acquisition Co Europe BV's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XAMS:PACEU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 7.135 vs XAMS:PACEU: No Debt

Pegasus Acquisition Co Europe BV Cash-to-Debt Historical Data

The historical data trend for Pegasus Acquisition Co Europe BV'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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Pegasus Acquisition Co Europe BV Cash-to-Debt Chart

Pegasus Acquisition Co Europe BV Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Pegasus Acquisition Co Europe BV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Pegasus Acquisition Co Europe BV's Cash-to-Debt

For the Shell Companies subindustry, Pegasus Acquisition Co Europe BV'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.

Pegasus Acquisition Co Europe BV's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Pegasus Acquisition Co Europe BV's Cash-to-Debt falls into.

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Pegasus Acquisition Co Europe BV 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.

Pegasus Acquisition Co Europe BV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Pegasus Acquisition Co Europe BV had no debt ⁽¹⁾.

Pegasus Acquisition Co Europe BV's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Pegasus Acquisition Co Europe BV had no debt ⁽¹⁾.

Pegasus Acquisition Co Europe BV (XAMS:PACEU) 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.

Pegasus Acquisition Co Europe BV Cash-to-Debt Related Terms

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