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Gores Guggenheim Cash-to-Debt

: 0.14 (As of Mar. 2022)
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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. Gores Guggenheim's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.14.

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, Gores Guggenheim couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

The historical rank and industry rank for Gores Guggenheim's Cash-to-Debt or its related term are showing as below:

GGPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14   Med: 0.24   Max: 1.08
Current: 0.14

During the past 2 years, Gores Guggenheim's highest Cash to Debt Ratio was 1.08. The lowest was 0.14. And the median was 0.24.

GGPI's Cash-to-Debt is ranked worse than
88.31% of 830 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs GGPI: 0.14

Gores Guggenheim Cash-to-Debt Historical Data

The historical data trend for Gores Guggenheim'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.

* Premium members only.

Gores Guggenheim Annual Data
Trend Dec20 Dec21
Cash-to-Debt
N/A 0.15

Gores Guggenheim Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22
Cash-to-Debt 1.08 0.53 0.24 0.15 0.14

Competitive Comparison

For the Shell Companies subindustry, Gores Guggenheim'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.

   

Gores Guggenheim Cash-to-Debt Distribution

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

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



Gores Guggenheim 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.

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

Gores Guggenheim's Cash to Debt Ratio for the quarter that ended in Mar. 2022 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.


Gores Guggenheim  (NAS:GGPI) 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.


Gores Guggenheim Cash-to-Debt Related Terms

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


Gores Guggenheim Business Description

Gores Guggenheim logo
Traded in Other Exchanges
Address
6260 Lookout Road, Boulder, CO, USA, 80301
Website
Gores Guggenheim Inc is a blank check company.
Executives
Rosenfield Andrew director, 10 percent owner 227 W. MONROE STREET 49TH FLOOR CHICAGO IL 60606
Tellem Nancy director 1016 LAKE PARK DRIVE BIRMINGHAM MI 48009
Gores Alec E director, 10 percent owner 10877 WILSHIRE BOULEVARD 18TH FLOOR LOS ANGELES CA 90024
Stone Mark officer: Chief Executive Officer 10877 WILSHIRE BOULEVARD 18TH FLOOR LOS ANGELES CA 90024
Aeg Holdings, Llc director, 10 percent owner 6260 LOOKOUT RD. BOULDER CO 80301
Mcbride Andrew officer: CFO & Secretary 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212
Bort Randy director 1150 N. ALMA SCHOOL ROAD MESA AZ 85201
Marcellino Elizabeth director 9800 WILSHIRE BLVD. BEVERLY HILLS CA 90212
Gores Guggenheim Sponsor Llc director, 10 percent owner 6260 LOOKOUT ROAD BOULDER CO 80301
Ggp Sponsor Holdings, Llc director, 10 percent owner 6260 LOOKOUT ROAD BOULDER CO 80301
Gg Sponsor, Llc director, 10 percent owner 6260 LOOKOUT ROAD BOULDER CO 80301

Gores Guggenheim Headlines

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