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Corner Growth Acquisition 2 (Corner Growth Acquisition 2) Debt-to-EBITDA : 0.00 (As of Mar. 2024)


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What is Corner Growth Acquisition 2 Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Corner Growth Acquisition 2's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Corner Growth Acquisition 2's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Corner Growth Acquisition 2's annualized EBITDA for the quarter that ended in Mar. 2024 was $-1.68 Mil. Corner Growth Acquisition 2's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.00.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Corner Growth Acquisition 2's Debt-to-EBITDA or its related term are showing as below:

TRON's Debt-to-EBITDA is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.475
* Ranked among companies with meaningful Debt-to-EBITDA only.

Corner Growth Acquisition 2 Debt-to-EBITDA Historical Data

The historical data trend for Corner Growth Acquisition 2's Debt-to-EBITDA 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.

* Premium members only.

Corner Growth Acquisition 2 Debt-to-EBITDA Chart

Corner Growth Acquisition 2 Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-EBITDA
N/A - -

Corner Growth Acquisition 2 Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Corner Growth Acquisition 2's Debt-to-EBITDA

For the Shell Companies subindustry, Corner Growth Acquisition 2's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Corner Growth Acquisition 2's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Corner Growth Acquisition 2's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Corner Growth Acquisition 2's Debt-to-EBITDA falls into.



Corner Growth Acquisition 2 Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Corner Growth Acquisition 2's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -1.642
=0.00

Corner Growth Acquisition 2's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.


Corner Growth Acquisition 2  (NAS:TRON) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Corner Growth Acquisition 2 Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Corner Growth Acquisition 2's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Corner Growth Acquisition 2 (Corner Growth Acquisition 2) Business Description

Traded in Other Exchanges
N/A
Address
251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301
Website
Corner Growth Acquisition Corp 2 is a blank check company.
Executives
Taconic Capital Advisors Lp 10 percent owner 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Highbridge Capital Management Llc 10 percent owner 277 PARK AVE, 23RD FLOOR, NEW YORK NY 10172
Frank Brosens 10 percent owner C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp 10 percent owner 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors (hong Kong) Ltd 10 percent owner UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
John J. Cadeddu director, 10 percent owner, officer: Co-Chairman 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Alexandre Balkanski director 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Jason Park director 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marvin Tien director, 10 percent owner, officer: CEO and Chairman C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Jane Batzofin officer: President C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
David Kutcher officer: Chief Investment Officer C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
John Mulkey director C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Kevin Tanaka officer: DCD C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Cga Sponsor 2, Llc 10 percent owner 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301

Corner Growth Acquisition 2 (Corner Growth Acquisition 2) Headlines