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Athena Technology Acquisition II (Athena Technology Acquisition II) Cash-to-Debt : 0.19 (As of Sep. 2023)


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What is Athena Technology 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. Athena Technology Acquisition II's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.19.

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, Athena Technology Acquisition II couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Athena Technology Acquisition II's Cash-to-Debt or its related term are showing as below:

ATEK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19   Med: No Debt   Max: No Debt
Current: 0.19

During the past 2 years, Athena Technology Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was No Debt.

ATEK's Cash-to-Debt is ranked worse than
72.58% of 547 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs ATEK: 0.19

Athena Technology Acquisition II Cash-to-Debt Historical Data

The historical data trend for Athena Technology 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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Athena Technology Acquisition II Cash-to-Debt Chart

Athena Technology Acquisition II Annual Data
Trend Dec21 Dec22
Cash-to-Debt
No Debt No Debt

Athena Technology Acquisition II Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt N/A 0.19

Competitive Comparison of Athena Technology Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, Athena Technology 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.

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

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

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


Athena Technology 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.

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

Athena Technology Acquisition II had no debt (1).

Athena Technology Acquisition II's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.028 / (0.15 + 0)
=0.19

* 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.

Athena Technology Acquisition II  (AMEX:ATEK) 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.

Athena Technology Acquisition II Cash-to-Debt Related Terms

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Athena Technology Acquisition II (Athena Technology Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Technology Acquisition Corp II (AMEX:ATEK) » Definitions » Cash-to-Debt
Comparable Companies
VMCA ACAH DHCA ZLS BMAC LGVC GPAC FIAC IRRX CSTA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
442 5th Avenue, New York, NY, USA, 10018
Website
https://www.athenaspac.com
Athena Technology Acquisition Corp II is a blank check company.
Executives
Trier Bryant director 2220 WESTCREEK LN 1404, HOUSTON TX 77027
Judith Rodin director C/O UNIVERSITY OF PENNSYLVANIA, 100 COLLEGE HALL, PHILADELPHIA PA 19104-6380
Sharon Brown-hruska director C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Randi Zuckerberg director 394 PACIFIC AVE., SUITE 2, SAN FRANCISCO CA 94111
Kirthiga Reddy officer: President C/O PEAR THERAPEUTICS, INC., 200 STATE STREET, 13TH FLOOR, BOSTON MA 02109
Isabelle D. Freidheim director, 10 percent owner, officer: Chief Executive Officer 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Technology Sponsor Ii, Llc 10 percent owner 442 5TH AVENUE, NEW YORK NY 10018
Anna Apostolova officer: Chief Financial Officer C/O ATHENA TECHNOLOGY ACQUISITION CORP., 442 5TH AVENUE, NEW YORK NY 10018