IG Acquisition (IG Acquisition) Cash-to-Debt : 0.05 (As of Sep. 2022)

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What is IG 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. IG Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.05.

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, IG Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

IGAC's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 3.37
* Ranked among companies with meaningful Cash-to-Debt only.

IG Acquisition Cash-to-Debt Historical Data

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

IG Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

No Debt

0.45

IG Acquisition Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	0.45	0.05	0.01	0.05

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

For the Shell Companies subindustry, IG 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.

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

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

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

IG 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.

IG Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	0.089	/	(0.2	+	0)
	=	0.45

IG 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)
	=	0.028	/	(0.61	+	0)
	=	0.05

IG Acquisition (NAS:IGAC) 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.

IG Acquisition Cash-to-Debt Related Terms

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IG Acquisition (IG Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Park Avenue South, 8th Floor, New York, NY, USA, 10010

Website

http://www.igacquisition.com

IG Acquisition Corp is a blank check company.

Executives

G1 Execution Services, Llc	10 percent owner	175 W. JACKSON BLVD., SUITE 1700, 501 PLAZA 2, CHICAGO IL 60604
Susquehanna Securities, Llc	10 percent owner	401 CITY AVENUE, SUITE 220, BALA CYNWYD PA 19004
Ig Sponsor Llc	10 percent owner	251 PARK AVENUE SOUTH 8TH FLOOR, NEW YORK NY 10010
Christian Goode	director, officer: Chief Executive Officer	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Abigail May	director	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Bradley Tusk	director, 10 percent owner	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Farrell Edward Martin Jr.	officer: Chief Financial Officer	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10105
Catharine Dockery	director	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Kenneth Kweku	director	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Peter Ward	director	251 PARK AVENUE SOUTH 8TH FLOOR, NEW YORK NY 10010

IG Acquisition (IG Acquisition) Headlines

From GuruFocus

IG Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing November 23, 2020

By Marketwired Marketwired • 11-20-2020

IG Acquisition Corp. Announces Closing of $300 Million Initial Public Offering

By PRNewswire PRNewswire • 10-06-2020