Clarim Acquisition (Clarim Acquisition) Cash-to-Debt : 9.63 (As of Sep. 2022)

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What is Clarim 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. Clarim Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 9.63.

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

CLRM's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.775
* Ranked among companies with meaningful Cash-to-Debt only.

Clarim Acquisition Cash-to-Debt Historical Data

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

Clarim Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

Clarim Acquisition Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	2.68	3.52	9.63

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

For the Shell Companies subindustry, Clarim 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.

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

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

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

Clarim 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.

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

Clarim Acquisition had no debt ⁽¹⁾.

Clarim 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)
	=	0.154	/	(0.016	+	0)
	=	9.63

Clarim Acquisition (NAS:CLRM) 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.

Clarim Acquisition Cash-to-Debt Related Terms

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Clarim Acquisition (Clarim Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Clarim Acquisition Corp (NAS:CLRM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

155 East 44th Street, 18th Floor, New York, NY, USA, 10017

Website

Clarim Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Jaymin B Patel	director, officer: President and CFO	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
James F Mccann	director, officer: Chief Executive Officer	ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Russell D Glass	officer: Vice Chairman	170 N. RADNOR-CHESTER ROAD, SUITE 200, RADNOR PA 19087
Maria Pinelli	director	245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Clarim Partners, Llc	10 percent owner	245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Daniel Neely	director	245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Paul Stamoulis	officer: Executive Vice President	245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016

Clarim Acquisition (Clarim Acquisition) Headlines

From GuruFocus

Clarim Acquisition Corp. to Hold Special Meeting of Stockholders to Obtain Approval to Terminate Before Year-End

By PRNewswire PRNewswire • 11-30-2022