Landcadia Holdings II (Landcadia Holdings II) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2020)

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What is Landcadia Holdings II 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. Landcadia Holdings II'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, Landcadia Holdings II 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 Landcadia Holdings II's Cash-to-Debt or its related term are showing as below:

LCAHU' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Landcadia Holdings II's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LCAHU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.43 vs LCAHU: No Debt

Landcadia Holdings II Cash-to-Debt Historical Data

The historical data trend for Landcadia Holdings II'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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Landcadia Holdings II Cash-to-Debt Chart

Landcadia Holdings II Annual Data

Trend

Dec17

Dec18

Dec19

Cash-to-Debt

N/A

No Debt

Landcadia Holdings II Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	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 Landcadia Holdings II's Cash-to-Debt

For the Shell Companies subindustry, Landcadia Holdings II'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.

Landcadia Holdings II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Landcadia Holdings II 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.

Landcadia Holdings II's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Landcadia Holdings II had no debt ⁽¹⁾.

Landcadia Holdings II's Cash to Debt Ratio for the quarter that ended in Sep. 2020 is calculated as:

Landcadia Holdings II had no debt ⁽¹⁾.

Landcadia Holdings II (NAS:LCAHU) 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.

Landcadia Holdings II Cash-to-Debt Related Terms

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

Landcadia Holdings II (Landcadia Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Landcadia Holdings II Inc (NAS:LCAHU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1510 West Loop, South Houston, TX, USA, 77027

Website

Landcadia Holdings II Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Scott Joseph Kelly	director	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Fertitta Entertainment, Inc.	10 percent owner	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Nicholas Daraviras	officer: Vice President, Acquisitions	520 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Jefferies Financial Group Inc.	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
Tilman J Fertitta	director, 10 percent owner, officer: Chief Executive Officer	LANDRYS SEAFOOD RESTAURANTS INC, 1400 POST OAK BLVD STE 1010, HOUSTON TX 77056
Steven L Scheinthal	officer: VP and General Counsel	1510 W LOOP S, STE 800, HOUSTON TX 77027
Rick Liem	officer: VP and Chief Financial Officer	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Michael S Chadwick	director	3100 JP MORGAN CHASE TOWER, HOUSTON TX 77002
G Michael Stevens	director	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Richard B Handler	director, officer: President	C/O JEFFERIES LLC, 520 MADISON AVE., NEW YORK NY 10022