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Monterey Capital Acquisition (Monterey Capital Acquisition) Cash-to-Debt : 0.01 (As of Dec. 2023)


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What is Monterey Capital 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. Monterey Capital Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Monterey Capital Acquisition 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 Monterey Capital Acquisition's Cash-to-Debt or its related term are showing as below:

MCAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 0.06
Current: 0.01

During the past 3 years, Monterey Capital Acquisition's highest Cash to Debt Ratio was 0.06. The lowest was 0.01. And the median was 0.04.

MCAC's Cash-to-Debt is ranked worse than
95.66% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs MCAC: 0.01

Monterey Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for Monterey Capital 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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Monterey Capital Acquisition Cash-to-Debt Chart

Monterey Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
0.06 0.04 0.01

Monterey Capital Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 0.04 0.02 0.37 0.33 0.01

Competitive Comparison of Monterey Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Monterey Capital 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.


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

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

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



Monterey Capital 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.

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

Monterey Capital Acquisition's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Monterey Capital Acquisition  (NAS:MCAC) 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.


Monterey Capital Acquisition Cash-to-Debt Related Terms

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


Monterey Capital Acquisition (Monterey Capital Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
419 Webster Street, Monterey, CA, USA, 93940
Website
Monterey Capital Acquisition Corp is a blank check company.
Executives
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Vivek K. Soni director, officer: Executive VP and Director 419 WEBSTER STREET, MONTEREY CA 93940
Kathleen C Cuocolo director 731 LEXINGTON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Monterey Acquisition Sponsor, Llc 10 percent owner 419 WEBSTER STREET, MONTEREY CA 93940
Leela Gray director 419 WEBSTER STREET, MONTEREY CA 93940
Bala Padmakumar director, 10 percent owner, officer: Chief Executive Officer 419 WEBSTER STREET, MONTEREY CA 93940
Daniel R Davis officer: Chief Financial Officer 419 WEBSTER STREET, MONTEREY CA 93940