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Tekkorp Digital Acquisition (Tekkorp Digital Acquisition) Cash-to-Debt : 0.28 (As of Jun. 2022)


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What is Tekkorp Digital 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. Tekkorp Digital Acquisition's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.28.

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

(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 Tekkorp Digital Acquisition's Cash-to-Debt or its related term are showing as below:

TEKK'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.

Tekkorp Digital Acquisition Cash-to-Debt Historical Data

The historical data trend for Tekkorp Digital 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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Tekkorp Digital Acquisition Cash-to-Debt Chart

Tekkorp Digital Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt No Debt

Tekkorp Digital Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt 0.36 0.28

Competitive Comparison of Tekkorp Digital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Tekkorp Digital 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.

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

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

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


Tekkorp Digital 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.

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

Tekkorp Digital Acquisition had no debt (1).

Tekkorp Digital Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=0.121 / (0 + 0.439)
=0.28

* 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.

Tekkorp Digital Acquisition  (NAS:TEKK) 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.

Tekkorp Digital Acquisition Cash-to-Debt Related Terms

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Tekkorp Digital Acquisition (Tekkorp Digital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tekkorp Digital Acquisition Corp (NAS:TEKK) » Definitions » Cash-to-Debt
Comparable Companies
LOKM ASAQ RCLF DNAB RVAC DNAD NPAB CLIN MTAC FLYA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1980 Festival Plaza Drive, Suite 300, Las Vega, NV, USA, 89135
Website
https://www.tekkorpdigital.com
Tekkorp Digital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Morris Bailey director, 10 percent owner 150 BROADWAY, SUITE 800, NEW YORK NY 10038
Bailey Grand Investments Llc other: See footnotes. 150 BROADWAY, SUITE 800, NEW YORK NY 10038
Anthony P Rodio director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Matt Davey director, 10 percent owner 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Tekkorp Holdings Llc 10 percent owner 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Tekkorp Jemb Llc 10 percent owner UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Jemb Spac Llc 10 percent owner 150 BROADWAY, SUITE 800, NEW YORK NY 10038
Eric Matejevich officer: Chief Financial Officer C/O TEKKORP DIGITAL ACQUISITION CORP., 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Robin Chhabra officer: President C/O TEKKORP DIGITAL ACQUISITION CORP., 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Marlon Goldstein director C/O TEKKORP DIGITAL ACQUISITION CORP., 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Thomas M. Roche director C/O TEKKORP DIGITAL ACQUISITION CORP., 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135
Sean D. Ryan director C/O TEKKORP DIGITAL ACQUISITION CORP., 1980 FESTIVAL PLAZA DRIVE, SUITE 300, LAS VEGAS NV 89135