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Thunder Bridge Capital Partners IV (Thunder Bridge Capital Partners IV) Cash-to-Debt : 0.02 (As of Dec. 2023)


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What is Thunder Bridge Capital Partners IV 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. Thunder Bridge Capital Partners IV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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, Thunder Bridge Capital Partners IV couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Thunder Bridge Capital Partners IV's Cash-to-Debt or its related term are showing as below:

THCP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.16   Max: No Debt
Current: 0.02

During the past 3 years, Thunder Bridge Capital Partners IV's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.16.

THCP's Cash-to-Debt is ranked worse than
92.82% of 557 companies
in the Diversified Financial Services industry
Industry Median: 2.43 vs THCP: 0.02

Thunder Bridge Capital Partners IV Cash-to-Debt Historical Data

The historical data trend for Thunder Bridge Capital Partners IV'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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Thunder Bridge Capital Partners IV Cash-to-Debt Chart

Thunder Bridge Capital Partners IV Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
No Debt 0.16 0.02

Thunder Bridge Capital Partners IV Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.03 2.74 No Debt 0.02

Competitive Comparison of Thunder Bridge Capital Partners IV's Cash-to-Debt

For the Shell Companies subindustry, Thunder Bridge Capital Partners IV'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.

Thunder Bridge Capital Partners IV's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Thunder Bridge Capital Partners IV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thunder Bridge Capital Partners IV's Cash-to-Debt falls into.


Thunder Bridge Capital Partners IV 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.

Thunder Bridge Capital Partners IV's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=0.013 / (0.781 + 0)
=0.02

Thunder Bridge Capital Partners IV's Cash to Debt Ratio for the quarter that ended in Dec. 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)
=0.013 / (0.781 + 0)
=0.02

* 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.

Thunder Bridge Capital Partners IV  (NAS:THCP) 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.

Thunder Bridge Capital Partners IV Cash-to-Debt Related Terms

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Thunder Bridge Capital Partners IV (Thunder Bridge Capital Partners IV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Thunder Bridge Capital Partners IV Inc (NAS:THCP) » Definitions » Cash-to-Debt
Comparable Companies
IOAC MITA CSLM GIA QFTA SLAC SZZL CFFE PORT EGGF PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
9912 Georgetown Pike, Suite D203, Great Falls, VA, USA, 22066
Website
Thunder Bridge Capital Partners IV Inc is a blank check company.
Executives
Weiss Asset Management Lp 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
Andrew M Weiss 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
Wam Gp Llc 10 percent owner 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
Bip Gp Llc other: Former 10% owner. 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116
David E Mangum director
Gary A Simanson director, 10 percent owner, officer: President and CEO 717 KING STREET, ALEXANDRIA VA 22314
Stewart J Paperin director HOLLAND & KNIGHT LLP, 701 BRICKELL AVENUE, SUITE 3300, MIAMI FL 33131
William A Houlihan officer: Chief Financial Officer 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Robert Herman Hartheimer director 3232 RITTENHOUSE STREET NW, WASHINGTON DC 20015
Allerd D. Stikker director 9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Mary Anne Gillespie director 9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Tbcp Iv, Llc 10 percent owner 9912 GEORGETOWN PIKE (SUITE D-203), GREAT FALLS VA 22066