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CONX (CONX) Cash-to-Debt

: 0.00 (As of Dec. 2023)
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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. CONX's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 4 years, CONX's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5002.09.

CONX's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.4
* Ranked among companies with meaningful Cash-to-Debt only.

CONX Cash-to-Debt Historical Data

The historical data trend for CONX'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.

* Premium members only.

CONX Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt 4.18 -

CONX Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.18 2.72 0.09 0.01 -
Competitive Comparison

For the Shell Companies subindustry, CONX'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.

CONX Cash-to-Debt Distribution

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

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


CONX 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.

CONX's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
=0.008 / (2.108 + 0)
=0.00

CONX's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
=0.008 / (2.108 + 0)
=0.00

* 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.

CONX  (NAS:CONX) 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.

CONX Cash-to-Debt Related Terms

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

CONX (CONX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CONX Corp (NAS:CONX) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
CONXU:USA
Address
5701 South Santa Fe Drive, Littleton, CO, USA, 80120
Website
CONX Corp is a blank check company.
Executives
David K Moskowitz director C/O CONX CORP., 5701 S. SANTA FE DR., LITTLETON CO 80120
Adrian Steckel director 5701 S. SANTA FE DR., LITTLETON CO 80120
Charles W Ergen director, 10 percent owner, officer: Chairman 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Gerald Gorman director 5701 S. SANTA FE DR., LITTLETON CO 80120
Nxgen Opportunities, Llc 10 percent owner 5701 S. SANTA FE DR., LITTLETON CO 80120
Kyle Jason Kiser director, officer: CEO, President & Director 5701 S. SANTA FE DR., LITTLETON CO 80120