Patria Latin American Opportunity Acquisition (Patria Latin American Opportunity Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Patria Latin American Opportunity 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. Patria Latin American Opportunity Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 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, Patria Latin American Opportunity Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Patria Latin American Opportunity Acquisition's Cash-to-Debt or its related term are showing as below:

PLAO' s Cash-to-Debt Range Over the Past 10 Years
Min: 269 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Patria Latin American Opportunity Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 269.00. And the median was No Debt.

PLAO's Cash-to-Debt is ranked better than
99.79% of 481 companies
in the Diversified Financial Services industry
Industry Median: 2.56 vs PLAO: No Debt

Patria Latin American Opportunity Acquisition Cash-to-Debt Historical Data

The historical data trend for Patria Latin American Opportunity 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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Patria Latin American Opportunity Acquisition Cash-to-Debt Chart

Patria Latin American Opportunity Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Patria Latin American Opportunity Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Patria Latin American Opportunity Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Patria Latin American Opportunity 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.

Patria Latin American Opportunity Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Patria Latin American Opportunity Acquisition's Cash-to-Debt falls into.

Patria Latin American Opportunity 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.

Patria Latin American Opportunity Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Patria Latin American Opportunity Acquisition had no debt ⁽¹⁾.

Patria Latin American Opportunity Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Patria Latin American Opportunity Acquisition had no debt ⁽¹⁾.

Patria Latin American Opportunity Acquisition (NAS:PLAO) 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.

Patria Latin American Opportunity Acquisition Cash-to-Debt Related Terms

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

Patria Latin American Opportunity Acquisition (Patria Latin American Opportunity Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Patria Latin American Opportunity Acquisition Corp (NAS:PLAO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Forum Lane, 3rd Floor, PO Box 757, Camana Bay, CYM, KY1-9006

Website

Patria Latin American Opportunity Acquisition Corp is a blank check company.

Executives

Patria Spac Llc	10 percent owner	UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Marco Nicola D'ippolito	officer: Chief Financial Officer	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Goncalves De Araujo Teixeira Jose Augusto	officer: Chief Executive Officer	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Teixeira De Assumpcao Saigh Alexandre	director	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Ricardo Leonel Scavazza	director	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Elejalde De Campos Pedro Paulo	director	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Mello Guimaraes Maria Claudia	director	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006
Leonardos Ricardo Barbosa	director	18 FORUM LANE, 3RD FLOOR, CAMANA BAY, PO BOX 757, GRAND CAYMAN E9 KY1-9006

Patria Latin American Opportunity Acquisition (Patria Latin American Opportunity Acquisition) Headlines

From GuruFocus

Patria Latin American Opportunity Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

By Business Wire Business Wire • 03-10-2022

Patria Latin American Opportunity Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing May 4, 2022

By Business Wire Business Wire • 05-03-2022

Patria Latin American Opportunity Acquisition (Patria Latin American Opportunity Acquisition) Cash-to-Debt : No Debt (1) (As of Mar. 2024)