What is Malacca Straits Acquisition Co Financial Strength?
Malacca Straits Acquisition Co has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Malacca Straits Acquisition Co has no long-term debt (1).
As of today, Malacca Straits Acquisition Co's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Malacca Straits Acquisition Co's Financial Strength
For the Shell Companies subindustry, Malacca Straits Acquisition Co's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Malacca Straits Acquisition Co's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Malacca Straits Acquisition Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Malacca Straits Acquisition Co's Financial Strength falls into.
Malacca Straits Acquisition Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Malacca Straits Acquisition Co's Interest Expense for the
months ended in Mar. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Mar. 2023 was $-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.
Malacca Straits Acquisition Co's Interest Coverage for the quarter that ended in Mar. 2023 is
| Malacca Straits Acquisition Co had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Malacca Straits Acquisition Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Malacca Straits Acquisition Co has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Business Description
Traded in Other Exchanges
N/A
Address
2 Ice House Street, Saint George’s Building, Unit 601-2, Central, Hong Kong, HKG
Malacca Straits Acquisition Co Ltd is a blank check company.
Executives
| Ka Lok Wong |
director, 10 percent owner |
7244 CARRIZO DRIVE,, LA JOLLA CA 92037 |
| Polar Asset Management Partners Inc. |
10 percent owner |
16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
| Aqr Arbitrage Llc |
10 percent owner |
ONE GREENWICH PLAZA, GREENWICH CT 06830 |
| Aqr Capital Management Llc |
10 percent owner |
ONE GREENWICH PLAZA, GREENWICH CT 06830 |
| Aqr Capital Management Holdings, Llc |
10 percent owner |
ONE GREENWICH PLAZA, GREENWICH CT 06830 |
| Nomura Holdings Inc |
10 percent owner |
1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645 |
| Nomura Global Financial Products Inc |
10 percent owner |
WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019 |
| Eugene Ty Tan |
director |
UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000 |
| Ming Shu Leung |
director |
UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000 |
| Gordon Lo |
director, officer: CEO and President |
UNIT 601-2, ST. GEORGE'S BUILDING 2 ICE HOUSE STREET, CENTRAL K3 00000 |
| Christian Jason Chan |
director |
C/O SECLAW GROUP, 100 CRESCENT COURT #700, DALLAS TX 75201 |
| Malacca Straits Management Co Ltd |
10 percent owner |
WICKHAM CAY II ROAD TOWN, TORTOLA E9 VG1110 |
| Kenneth Ng |
director, 10 percent owner, officer: CEO and President |
2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000 |
| Dwi Prasetyo Suseno |
director |
2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000 |
| Ping He |
director |
2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000 |
Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Headlines
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