Hennessy Capital Acquisition IV (Hennessy Capital Acquisition IV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2020)

View and export this data going back to 2019. Start your Free Trial

What is Hennessy Capital Acquisition IV 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. Hennessy Capital Acquisition IV's cash to debt ratio for the quarter that ended in Sep. 2020 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, Hennessy Capital Acquisition IV could pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

(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 Hennessy Capital Acquisition IV's Cash-to-Debt or its related term are showing as below:

HCAC'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.

Hennessy Capital Acquisition IV Cash-to-Debt Historical Data

The historical data trend for Hennessy Capital Acquisition IV'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.

Hennessy Capital Acquisition IV Cash-to-Debt Chart

Hennessy Capital Acquisition IV Annual Data

Trend

Dec18

Dec19

Cash-to-Debt

0.07

No Debt

Hennessy Capital Acquisition IV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hennessy Capital Acquisition IV's Cash-to-Debt

For the Shell Companies subindustry, Hennessy Capital Acquisition IV'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.

Hennessy Capital Acquisition IV's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Hennessy Capital Acquisition IV 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.

Hennessy Capital Acquisition IV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Hennessy Capital Acquisition IV had no debt ⁽¹⁾.

Hennessy Capital Acquisition IV's Cash to Debt Ratio for the quarter that ended in Sep. 2020 is calculated as:

Hennessy Capital Acquisition IV had no debt ⁽¹⁾.

Hennessy Capital Acquisition IV (NAS:HCAC) 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.

Hennessy Capital Acquisition IV Cash-to-Debt Related Terms

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