AltEnergy Acquisition (AltEnergy Acquisition) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is AltEnergy 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. AltEnergy Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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

AEAE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 1.04 Max: No Debt
Current: 0.08

During the past 3 years, AltEnergy Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 1.04.

AEAE's Cash-to-Debt is ranked worse than
77.36% of 477 companies
in the Diversified Financial Services industry
Industry Median: 2.83 vs AEAE: 0.08

AltEnergy Acquisition Cash-to-Debt Historical Data

The historical data trend for AltEnergy 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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AltEnergy Acquisition Cash-to-Debt Chart

AltEnergy Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.21

0.08

AltEnergy Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								0.50	1.04	0.45	0.08	0.08

Competitive Comparison of AltEnergy Acquisition's Cash-to-Debt

For the Shell Companies subindustry, AltEnergy 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.

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

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

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

AltEnergy 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.

AltEnergy 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)
	=	0.075	/	(1	+	0)
	=	0.08

AltEnergy 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)
	=	0.097	/	(1.175	+	0)
	=	0.08

AltEnergy Acquisition (NAS:AEAE) 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.

AltEnergy Acquisition Cash-to-Debt Related Terms

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

AltEnergy Acquisition (AltEnergy Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Lexington Avenue, 9th Floor, New York, NY, USA, 10022

Website

https://www.altenergyacquisition.com

AltEnergy Acquisition Corp is a blank check company.

Executives

Kimberly J. Heimert	director	ALTENERGY ACQUISITION CORP, 600 LEXINGTON AVE, 9TH FLOOR, NEW YORK NY 10022
Michael C Salvator	director	130 MAIN STREET, NEW CANAAN CT 06840
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
Audrey Ann Zibelman	director	6/128 TOORAK ROAD WEST, SOUTH YARRA C4 3141
Russell Monoki Stidolph	officer: Chief Executive Officer	137 ROWAYTON AVENUE, ROWAYTON CT 06853
Altenergy Acquisition Sponsor Llc	10 percent owner	137 ROWAYTON AVENUE, SUITE 400, ROWAYTON CT 06853
Arul Gupta	officer: Chief Operating Officer	VO-068, LEVEL 13A, WISMA MONT KIARA, 1 JALAN KIARA, KUALA LUMPUR N8 50480
William Roger Campell	director	2 BIRCHWOOD LANE, WESTPORT CT 06880
Jonathan Darnell	officer: Chief Financial Officer	1250 AVENUE OF THE AMERICAS, SECOND FLOOR, NEW YORK NY 10019

AltEnergy Acquisition (AltEnergy Acquisition) Headlines

From GuruFocus

AltEnergy Acquisition Corp.. Announces Separate Trading of its Common Stock and Warrants, Commencing December 13, 2021

By PRNewswire PRNewswire • 12-13-2021

ALTENERGY ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF THE SPECIAL MEETING OF STOCKHOLDERS

By PRNewswire PRNewswire • 04-26-2023