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AxonPrime Infrastructure Acquisition (AxonPrime Infrastructure Acquisition) Cash-to-Debt : No Debt (1) (As of Jun. 2023)


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What is AxonPrime Infrastructure 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. AxonPrime Infrastructure Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 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, AxonPrime Infrastructure Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 AxonPrime Infrastructure Acquisition's Cash-to-Debt or its related term are showing as below:

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

During the past 2 years, AxonPrime Infrastructure Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

APMIU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.755 vs APMIU: No Debt

AxonPrime Infrastructure Acquisition Cash-to-Debt Historical Data

The historical data trend for AxonPrime Infrastructure 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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AxonPrime Infrastructure Acquisition Cash-to-Debt Chart

AxonPrime Infrastructure Acquisition Annual Data
Trend Dec21 Dec22
Cash-to-Debt
No Debt No Debt

AxonPrime Infrastructure Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of AxonPrime Infrastructure Acquisition's Cash-to-Debt

For the Shell Companies subindustry, AxonPrime Infrastructure 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.

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

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

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


AxonPrime Infrastructure 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.

AxonPrime Infrastructure Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

AxonPrime Infrastructure Acquisition had no debt (1).

AxonPrime Infrastructure Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

AxonPrime Infrastructure Acquisition had no debt (1).

* 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.

AxonPrime Infrastructure Acquisition  (NAS:APMIU) 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.

AxonPrime Infrastructure Acquisition Cash-to-Debt Related Terms

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AxonPrime Infrastructure Acquisition (AxonPrime Infrastructure Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AxonPrime Infrastructure Acquisition Corp (NAS:APMIU) » Definitions » Cash-to-Debt
Comparable Companies
RAM JWAC MLAC CLOE GLTA SGII CCAI RICO PRBM AMCI GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
126 E. 56th Street, 30th Floor, New York, NY, USA, 10022
Website
AxonPrime Infrastructure Acquisition Corp is a blank check company.