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AF Acquisition (AF Acquisition) Cash-to-Debt : 3.94 (As of Sep. 2022)


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What is AF 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. AF Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 3.94.

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, AF Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

AFAQU' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.94   Med: No Debt   Max: No Debt
Current: 3.94

During the past 1 years, AF Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 3.94. And the median was No Debt.

AFAQU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.37 vs AFAQU: 3.94

AF Acquisition Cash-to-Debt Historical Data

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

AF Acquisition Annual Data
Trend Dec21
Cash-to-Debt
No Debt

AF Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt 3.94

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

For the Shell Companies subindustry, AF 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.

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

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

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


AF 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.

AF Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

AF Acquisition had no debt (1).

AF Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.067 / (0.017 + 0)
=3.94

* 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.

AF Acquisition  (NAS:AFAQU) 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.

AF Acquisition Cash-to-Debt Related Terms

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

AF Acquisition (AF Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AF Acquisition Corp (NAS:AFAQU) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
139 North County Road, Floor 2, Suite 35, Palm Beach, FL, USA, 33480
Website
https://www.afacq.com
AF Acquisition Corp is a blank check company.
Executives
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Mary Fox director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Christopher Bradley officer: CFO & Secretary 650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Jordan Gaspar director, 10 percent owner, officer: Chief Executive Officer 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Andrew Scharf director, 10 percent owner, officer: Chairman, President 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Nola Weinstein director 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Af Sponsor Llc 10 percent owner 139 NORTH COUNTY ROAD, FLOOR 2, SUITE 35, PALM BEACH FL 33480