Independence Holdings (Independence Holdings) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is Independence Holdings 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. Independence Holdings's cash to debt ratio for the quarter that ended in Sep. 2022 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, Independence Holdings 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 Independence Holdings's Cash-to-Debt or its related term are showing as below:

ACQRU' 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 2 years, Independence Holdings's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ACQRU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.43 vs ACQRU: No Debt

Independence Holdings Cash-to-Debt Historical Data

The historical data trend for Independence Holdings'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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Independence Holdings Cash-to-Debt Chart

Independence Holdings Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

Independence Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Independence Holdings's Cash-to-Debt

For the Shell Companies subindustry, Independence Holdings'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.

Independence Holdings's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Independence Holdings 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.

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

Independence Holdings had no debt ⁽¹⁾.

Independence Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Independence Holdings had no debt ⁽¹⁾.

Independence Holdings (NAS:ACQRU) 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.

Independence Holdings Cash-to-Debt Related Terms

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

Independence Holdings (Independence Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Independence Holdings Corp (NAS:ACQRU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

277 Park Avenue, 29th Floor, Suite B, New York, NY, USA, 10172

Website

https://www.indholdings.com

Independence Holdings Corp is a blank check company.

Executives

Ahmedulla Kham Khaishgi	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Steven J. Mclaughlin	director, 10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Jonathan Corr	director	ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Independence Sponsor Llc	10 percent owner	277 PARK AVENUE, 29TH FLOOR, SUITE B, NEW YORK NY 10172
Eugene Yoon	director, 10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
John Lawrence Furlong	officer: Chief Executive Officer	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Jaskaran Heir	officer: Chief Financial Officer	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Eric S Woodward	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172