Acri Capital Acquisition (Acri Capital Acquisition) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Acri Capital 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. Acri Capital Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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

ACAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.33 Max: No Debt
Current: 0.04

During the past 2 years, Acri Capital Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.33.

ACAC's Cash-to-Debt is ranked worse than
87.59% of 540 companies
in the Diversified Financial Services industry
Industry Median: 5.48 vs ACAC: 0.04

Acri Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for Acri Capital 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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Acri Capital Acquisition Cash-to-Debt Chart

Acri Capital Acquisition Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

No Debt

0.04

Acri Capital Acquisition Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				1.60	0.22	0.05	0.04	0.04

Competitive Comparison of Acri Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Acri Capital 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.

Acri Capital Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Acri Capital 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.

Acri Capital Acquisition'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)
	=	0.054	/	(1.432	+	0)
	=	0.04

Acri Capital Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.09	/	(2.078	+	0)
	=	0.04

Acri Capital Acquisition (NAS:ACAC) 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.

Acri Capital Acquisition Cash-to-Debt Related Terms

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Acri Capital Acquisition (Acri Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Acri Capital Acquisition Corp (NAS:ACAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13284 Pond Springs Rd,, Suite 405, Austin, TX, USA, 78729

Website

Acri Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Edmund R Miller	director	2000 S BAYSHORE DR, #40, COCONUT GROVE FL 33133
Joy Yi Hua	director, 10 percent owner, officer: CEO and Chairwoman	6406 WOODBOURNE LN, CROZET VA 22932
Acri Capital Sponsor Llc	10 percent owner	6406 WOODBOURNE LN, CROZET VA 22932
Hardin James Craig Jr.	director	136 GRACKLE LN, PAWLEY ISLANDS SC 29585
Andrew James Pierce	director	2961-A HUNTER MILL RD, #124, OAKTON VA 22124