AltC Acquisition (AltC Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is AltC 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. AltC Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 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, AltC Acquisition could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ALCC' 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, AltC Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ALCC's Cash-to-Debt is ranked better than
99.82% of 556 companies
in the Diversified Financial Services industry
Industry Median: 2.34 vs ALCC: No Debt

AltC Acquisition Cash-to-Debt Historical Data

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

AltC Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

AltC Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Shell Companies subindustry, AltC 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.

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

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

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

AltC 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.

AltC Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

AltC Acquisition had no debt ⁽¹⁾.

AltC Acquisition's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

AltC Acquisition had no debt ⁽¹⁾.

AltC Acquisition (NYSE:ALCC) 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.

AltC Acquisition Cash-to-Debt Related Terms

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

AltC Acquisition (AltC Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AltC Acquisition Corp (NYSE:ALCC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 Fifth Avenue, 12th Floor, New York, NY, USA, 10019

Website

https://altcacquisitioncorp.com

AltC Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Peter Lattman	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Samuel H. Altman	director, officer: Chief Executive Officer	29 DORLAND STREET, SAN FRANCISCO CA 94110
John L Thornton	director	C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004
Frances X Frei	director	ADVANCE AUTO PARTS, INC., 5008 AIRPORT RD, ROANOKE VA 24012
Michael Stuart Klein	director, 10 percent owner, officer: Chairman	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Allison Green	director	C/O GSV CAPITAL CORP., 2925 WOODSIDE ROAD, WOODSIDE CA 94062
M. Klein Associates, Inc.	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Lee Jay Taragin	officer: Chief Financial Officer	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Altc Sponsor Llc	10 percent owner	C/O ALTC ACQUISITION CORP., 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019