Tenzing Acquisition (Tenzing Acquisition) Cash-to-Debt : 0.01 (As of Aug. 2020)

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What is Tenzing 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. Tenzing Acquisition's cash to debt ratio for the quarter that ended in Aug. 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, Tenzing Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2020.

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

TZACU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 5000.27 Max: No Debt
Current: 0.01

During the past 2 years, Tenzing Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 5000.27.

TZACU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.37 vs TZACU: 0.01

Tenzing Acquisition Cash-to-Debt Historical Data

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

Tenzing Acquisition Annual Data

Trend

Feb19

Feb20

Cash-to-Debt

No Debt

0.09

Tenzing Acquisition Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	0.09	0.18	0.01

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

For the Shell Companies subindustry, Tenzing 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.

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

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

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

Tenzing 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.

Tenzing Acquisition's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.069	/	(0	+	0.75)
	=	0.09

Tenzing Acquisition's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	0.016	/	(0	+	1.425)
	=	0.01

Tenzing Acquisition (NAS:TZACU) 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.

Tenzing Acquisition Cash-to-Debt Related Terms

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Tenzing Acquisition (Tenzing Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 West 55th Street, New York, NY, USA, 10019

Website

Tenzing Acquisition Corp is a blank check company formed to acquire, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction with one or more operating businesses or assets that have not yet identified.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Parag Saxena	director, 10 percent owner, officer: Chairman of the Board	250 WEST 55TH STREET, SUITE 13D, NEW YORK NY 10019
Rahul Nayar	director, 10 percent owner, officer: Chief Executive Officer	250 WEST 55TH STREET, NEW YORK NY 10019
Tenzing Llc	10 percent owner	250 WEST 55TH STREET, NEW YORK NY 10019
Hudson Bay Capital Management Lp	10 percent owner	28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber	10 percent owner	C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
William I Campbell	director	270 PARK AVENUE, NEW YORK NY 10017
Nina B. Shapiro	director	2201 WALNUT AVENUE, SUITE 100, FREMONT CA 94538
Vikas Thapar	director	284 BOULEVARD SAINT GERMAIN, PARIS I0 75007
Atanuu Agarrwal	officer: Vice President	250 WEST 55TH STREET, NEW YORK NY 10019
Gonzalo Cordova	officer: Chief Financial Officer	250 WEST 55TH STREET, NEW YORK NY 10019