AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) Cash-to-Debt : 0.01 (As of Jun. 2023)

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What is AfterNext HealthTech 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. AfterNext HealthTech Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 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, AfterNext HealthTech Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

AFTR.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.58 Max: No Debt
Current: 0.01

During the past 2 years, AfterNext HealthTech Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.58.

AFTR.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.34 vs AFTR.U: 0.01

AfterNext HealthTech Acquisition Cash-to-Debt Historical Data

The historical data trend for AfterNext HealthTech 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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AfterNext HealthTech Acquisition Cash-to-Debt Chart

AfterNext HealthTech Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.87

0.34

AfterNext HealthTech Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				0.58	0.47	0.34	0.17	0.01

Competitive Comparison of AfterNext HealthTech Acquisition's Cash-to-Debt

For the Shell Companies subindustry, AfterNext HealthTech 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.

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

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

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

AfterNext HealthTech 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.

AfterNext HealthTech Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.678	/	(2	+	0)
	=	0.34

AfterNext HealthTech Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2023 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)
	=	0.021	/	(2	+	0)
	=	0.01

AfterNext HealthTech Acquisition (NYSE:AFTR.U) 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.

AfterNext HealthTech Acquisition Cash-to-Debt Related Terms

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AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AfterNext HealthTech Acquisition Corp (NYSE:AFTR.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 Commerce Street, Suite 3300, City Fort Worth, TX, USA, 76102

Website

AfterNext HealthTech Acquisition Corp is a blank check company.

AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) Headlines

From GuruFocus

AfterNext HealthTech Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing October 4, 2021

By Business Wire Business Wire • 09-29-2021

AfterNext HealthTech Acquisition Corp. Announces Closing of $250 Million Initial Public Offering

By Business Wire Business Wire • 08-16-2021