Gordon Pointe Acquisition (Gordon Pointe Acquisition) Cash-to-Debt : 0.01 (As of Mar. 2020)

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What is Gordon Pointe 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. Gordon Pointe Acquisition's cash to debt ratio for the quarter that ended in Mar. 2020 was 0.01.

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, Gordon Pointe Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2020.

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

GPAQ's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2.43
* Ranked among companies with meaningful Cash-to-Debt only.

Gordon Pointe Acquisition Cash-to-Debt Historical Data

The historical data trend for Gordon Pointe 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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Gordon Pointe Acquisition Cash-to-Debt Chart

Gordon Pointe Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Cash-to-Debt

No Debt

Gordon Pointe Acquisition Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	0.53	0.06	-	0.01

Competitive Comparison of Gordon Pointe Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Gordon Pointe 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.

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

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

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

Gordon Pointe 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.

Gordon Pointe Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	0.002	/	(0	+	3.018)
	=	0.00

Gordon Pointe Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2020 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)
	=	0.059	/	(0	+	4.118)
	=	0.01

Gordon Pointe Acquisition (NAS:GPAQ) 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.

Gordon Pointe Acquisition Cash-to-Debt Related Terms

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