What is Blue Ocean 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. Blue Ocean Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 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, Blue Ocean Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.
The historical rank and industry rank for Blue Ocean Acquisition's Cash-to-Debt or its related term are showing as below:
BOCN'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.02
During the past 3 years, Blue Ocean Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.
Blue Ocean Acquisition Cash-to-Debt Historical Data
The historical data trend for Blue Ocean 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.
Blue Ocean Acquisition Cash-to-Debt Chart
|
Blue Ocean Acquisition Annual Data
|
|
Trend |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
No Debt |
No Debt |
0.05 |
|
Blue Ocean Acquisition Quarterly Data
|
|
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Cash-to-Debt |
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|
|
|
|
|
|
No Debt |
1.21 |
0.13 |
0.05 |
0.02 |
Competitive Comparison of Blue Ocean Acquisition's Cash-to-Debt
For the Shell Companies subindustry, Blue Ocean 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.
Blue Ocean Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Blue Ocean Acquisition's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Blue Ocean Acquisition's Cash-to-Debt falls into.
Blue Ocean 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.
Blue Ocean Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Blue Ocean Acquisition's Cash to Debt Ratio 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.
Blue Ocean Acquisition (Blue Ocean Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815
Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
| Matt Lasov |
officer: Chief Financial Officer |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Richard Jr Leggett |
officer: Chief Executive Officer |
C/O RISKMETRICS GROUP, INC., 2099 GAITHER ROAD, ROCKVILLE MD 20850 |
| Apollo Management Holdings Gp, Llc |
10 percent owner |
9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
| Apollo Capital Management Gp, Llc |
10 percent owner |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Apollo Spac Fund I, L.p. |
10 percent owner |
27 HOSPITAL ROAD, GEORGE TOW E9 KY1-9008 |
| Paul J Bascobert |
director, officer: Chief Executive Officer |
20 W. KINZIE ST, SUITE 1600, CHICAGO IL 60610 |
| Joel Motley |
director |
6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112-3924 |
| Norman Pearlstine |
director |
C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281 |
| Ankur Manglik |
director, officer: Chief Strategy Officer & CFO |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Marcus Brauchli |
director, officer: Chairman |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Sean Glodek |
director, officer: Vice President |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Matt Goldberg |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Priscilla Han |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Dale Mathias |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Blue Ocean Sponsor Llc |
10 percent owner |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
Blue Ocean Acquisition (Blue Ocean Acquisition) Headlines
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