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Ares Acquisition II (Ares Acquisition II) Cash-to-Debt : 0.38 (As of Dec. 2023)


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What is Ares Acquisition II 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. Ares Acquisition II's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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, Ares Acquisition II 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 Ares Acquisition II's Cash-to-Debt or its related term are showing as below:

AACT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38   Med: 0.38   Max: 0.38
Current: 0.38

During the past 3 years, Ares Acquisition II's highest Cash to Debt Ratio was 0.38. The lowest was 0.38. And the median was 0.38.

AACT's Cash-to-Debt is ranked worse than
65.28% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs AACT: 0.38

Ares Acquisition II Cash-to-Debt Historical Data

The historical data trend for Ares Acquisition II'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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Ares Acquisition II Cash-to-Debt Chart

Ares Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
- - 0.38

Ares Acquisition II Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only - - 0.50 0.45 0.38

Competitive Comparison of Ares Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, Ares Acquisition II'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.

Ares Acquisition II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ares Acquisition II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ares Acquisition II's Cash-to-Debt falls into.


Ares Acquisition II 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.

Ares Acquisition II'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)
=1.905 / (0 + 5)
=0.38

Ares Acquisition II'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)
=1.905 / (0 + 5)
=0.38

* 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.

Ares Acquisition II  (NYSE:AACT) 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.

Ares Acquisition II Cash-to-Debt Related Terms

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Ares Acquisition II (Ares Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ares Acquisition Corp II (NYSE:AACT) » Definitions » Cash-to-Debt
Comparable Companies
ALCC GHIX DWAC SAGA AAC HCVI TRTL CCVI SLAM NETD PBAJ SVMB SCRM CVII LSE:ADMR CXAC NFNT APGB KCGI CNDA
Traded in Other Exchanges
N/A
Address
245 Park Avenue, 44th Floor, New York, NY, USA, 10167
Website
https://www.aresacquisitioncorporationii.com
Ares Acquisition Corp II is a blank check company.
Executives
David G. Hirz director 600 CITADEL DRIVE, COMMERCE CA 90040
Brad Coleman director 90 FRANKLIN STREET, APT 9S, NEW YORK NY 10013
Michael J Arougheti director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
David B Kaplan director, officer: Chief Executive Officer 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Felicia D Thornton director 250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Jarrod Phillips officer: Chief Financial Officer C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167
Peter Ogilvie officer: See Remarks C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Allyson Satin officer: Chief Operating Officer C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Ares Acquisition Holdings Ii Lp 10 percent owner C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167