Legacy Acquisition (Legacy Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2020)

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What is Legacy 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. Legacy Acquisition's cash to debt ratio for the quarter that ended in Sep. 2020 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, Legacy Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

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

LGC.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Legacy Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

LGC.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.34 vs LGC.U: No Debt

Legacy Acquisition Cash-to-Debt Historical Data

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

Legacy Acquisition Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

0.09

No Debt

Legacy Acquisition Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	0.10	No Debt

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

For the Shell Companies subindustry, Legacy 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.

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

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

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

Legacy 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.

Legacy Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Legacy Acquisition had no debt ⁽¹⁾.

Legacy Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2020 is calculated as:

Legacy Acquisition had no debt ⁽¹⁾.

Legacy Acquisition (NYSE:LGC.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.

Legacy Acquisition Cash-to-Debt Related Terms

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

Legacy Acquisition (Legacy Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1308 Race Street, Suite 200, Cincinnati, OH, USA, 45202

Website

http://www.legacyacquisition.com

Legacy Acquisition Corp is a blank check company.

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
Legacy Acquisition Sponsor I Llc	10 percent owner	1308 RACE STREET, SUITE 200, CINCINNATI OH 45202
Andrew W Code	director
Steven A Davis	director	3776 SOUTH HIGH ST, COLUMBUS OH 43207
Richard White	director	C/O ESCALADE INCORPORATED, 817 MAXWELL AVE, EVANSVILLE IN 47711
Darryl Mccall	director, officer: President & COO	2 PARK AVENUE, NEW YORK NY 10016
Edwin Rigaud	director, 10 percent owner, officer: Chairman and CEO	3639 VINEYARD PLACE, CINCINNATI OH 45226
Sengal Selassie	director	1308 RACE STREET, SUITE 200, CINCINNATI OH 45202
William C. Finn	officer: CFO	1308 RACE STREET, SUITE 200, CINCINNATI OH 45202