Churchill Capital II (Churchill Capital II) Cash-to-Debt : 0.21 (As of Jan. 2024)

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What is Churchill Capital 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. Churchill Capital II's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.21.

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, Churchill Capital II couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

CCX.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.27 Max: No Debt
Current: 0.21

During the past 4 years, Churchill Capital II's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 0.27.

CCX.U's Cash-to-Debt is ranked worse than
84.03% of 263 companies
in the Education industry
Industry Median: 1.13 vs CCX.U: 0.21

Churchill Capital II Cash-to-Debt Historical Data

The historical data trend for Churchill Capital 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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Churchill Capital II Cash-to-Debt Chart

Churchill Capital II Annual Data

Trend

Dec19

Jan20

Jan23

Jan24

Cash-to-Debt

No Debt

N/A

0.27

0.21

Churchill Capital II Quarterly Data
	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial													0.27	0.27	0.23	0.20	0.21

Competitive Comparison of Churchill Capital II's Cash-to-Debt

For the Education & Training Services subindustry, Churchill Capital 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.

Churchill Capital II's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Churchill Capital II's Cash-to-Debt distribution charts can be found below:

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

Churchill Capital 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.

Churchill Capital II's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	136.308	/	(54.433	+	586.738)
	=	0.21

Churchill Capital II's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	136.308	/	(54.433	+	586.738)
	=	0.21

Churchill Capital II (NYSE:CCX.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.

Churchill Capital II Cash-to-Debt Related Terms

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Churchill Capital II (Churchill Capital II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Churchill Capital Corp II (NYSE:CCX.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SKIL:USA C58:Germany

Address

300 Innovative Way, Suite 201, Nashua, NH, USA, 03062

Website

https://www.skillsoft.com

Skillsoft Corp is a leader in corporate digital learning. The company's segment includes Skillsoft content and Global Knowledge. The Skillsoft business engages in the sale, marketing, and delivery of its content learning solutions, in areas such as Leadership and Business, Technology and Developer and Compliance. Its Global Knowledge business offers training solutions covering information technology and business skills for corporations and their employees.

Executives

Matthew Glitzer	officer: CHIEF REVENUE OFFICER	300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Jose Torres	officer: Chief Accounting Officer	1300 W. 120TH AVENUE, WESTMINSTER CO 80234
Ciara Harrington	officer: Interim Chief People Officer	C/O SKILLSOFT CORP., 300 INNOVATION WAY, SUITE 201, NASHUA NH 03062-5746
Kristi Hummel	officer: Chief People Officer	300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Zachary Sims	officer: GM Tech & Dev, CEO Codecademy	575 BROADWAY, 5TH FLOOR, NEW YORK NY 10012
Gary W Ferrera	officer: Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Mih Learning B.v.	director, 10 percent owner	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Naspers Ltd	director, 10 percent owner	NASPERS CENTRE PO BOX 2271, CAPETOWN 8000, SOUTH AFRICA T3 00000
N.v. Prosus	director, 10 percent owner	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Ronald W Hovsepian	director	C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036
Helena Foulkes	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Richard Walker	officer: Chief Strategy & Corp Dev Ofc	C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202
Lawrence Charles Illg	director	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Eric P Stine	officer: Chief Revenue Officer	6363 S. FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Peter Schmitt	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019