CHP Merger (CHP Merger) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2021)

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What is CHP Merger 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. CHP Merger's cash to debt ratio for the quarter that ended in Dec. 2021 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, CHP Merger could pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

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

CHPM's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.98
* Ranked among companies with meaningful Cash-to-Debt only.

CHP Merger Cash-to-Debt Historical Data

The historical data trend for CHP Merger'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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CHP Merger Cash-to-Debt Chart

CHP Merger Annual Data

Trend

Dec19

Dec20

Dec21

Cash-to-Debt

No Debt

CHP Merger Quarterly Data
	Jul19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of CHP Merger's Cash-to-Debt

For the Shell Companies subindustry, CHP Merger'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.

CHP Merger's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

CHP Merger 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.

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

CHP Merger had no debt ⁽¹⁾.

CHP Merger's Cash to Debt Ratio for the quarter that ended in Dec. 2021 is calculated as:

CHP Merger had no debt ⁽¹⁾.

CHP Merger (NAS:CHPM) 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.

CHP Merger Cash-to-Debt Related Terms

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

CHP Merger (CHP Merger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CHP Merger Corp (NAS:CHPM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Deforest Avenue, Suite 108, Summit, NJ, USA, 07901

Website

https://concordhp.com

CHP Merger Corp is a blank check company.

Executives

Magnetar Financial Llc	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Supernova Management Llc	10 percent owner	1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alec N Litowitz	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Joseph Swedish	director	WELLPOINT, INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kenneth R Goulet	director	C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Jack W. Krouskup	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
James T. Olsen	director, officer: Chief Executive Officer	C/O CHP MERGER CORP., 25 DEFOREST AVENUE, SUITE 108, SUMMIT NJ 07901
Chp Acquisition Holdings Llc	10 percent owner	C/O CHP ACQUISITION HOLDINGS LLC, 25 DEFOREST AVENUE, SUITE 108, SUMMIT NJ 07901
James A Deal	director
Benson Jose	officer: Chief Financial Officer	25 DEFOREST AVENUE, SUITE 108, SUMMIT NJ 07901