Bannix Acquisition (Bannix Acquisition) Cash-to-Debt : 0.06 (As of Sep. 2023)

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What is Bannix 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. Bannix Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.06.

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

BNIX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: 0.06

During the past 2 years, Bannix Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

BNIX's Cash-to-Debt is ranked worse than
80.21% of 480 companies
in the Diversified Financial Services industry
Industry Median: 2.755 vs BNIX: 0.06

Bannix Acquisition Cash-to-Debt Historical Data

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

Bannix Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

Bannix Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	0.30	0.06

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

For the Shell Companies subindustry, Bannix 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.

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

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

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

Bannix 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.

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

Bannix Acquisition had no debt ⁽¹⁾.

Bannix Acquisition'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)
	=	0.04	/	(0.726	+	0)
	=	0.06

Bannix Acquisition (NAS:BNIX) 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.

Bannix Acquisition Cash-to-Debt Related Terms

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Bannix Acquisition (Bannix Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8265 West Sunset Boulevard, Suite No. 107, West Hollywood, CA, USA, 90046

Website

Bannix Acquisition Corp is a blank check company.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Douglas Landers Davis	director, officer: Chief Executive Officer	C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Jamal Khurshid	director	BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Craig Marshak	director	C/O TRAFALGAR CAPITAL ADVISORS, 18851 NORTHEAST 29 AVENUE, SUITE 306, AVENTURA FL 33180
Eric Todd Shuss	director	7322 E. EQUITATION WAY, ORANGE CA 92869