byNordic Acquisition (byNordic Acquisition) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is byNordic 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. byNordic Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, byNordic Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for byNordic Acquisition's Cash-to-Debt or its related term are showing as below:

BYNO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.47 Max: 19.5
Current: 0.47

During the past 5 years, byNordic Acquisition's highest Cash to Debt Ratio was 19.50. The lowest was 0.00. And the median was 0.47.

BYNO's Cash-to-Debt is ranked worse than
63.34% of 551 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs BYNO: 0.47

byNordic Acquisition Cash-to-Debt Historical Data

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

byNordic Acquisition Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

19.50

0.47

byNordic Acquisition Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											19.50	7.31	0.42	0.29	0.47

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

For the Shell Companies subindustry, byNordic 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.

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

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

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

byNordic 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.

byNordic 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)
	=	2.307	/	(4.935	+	0)
	=	0.47

byNordic Acquisition's Cash to Debt Ratio for the quarter 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)
	=	2.307	/	(4.935	+	0)
	=	0.47

byNordic Acquisition (NAS:BYNO) 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.

byNordic Acquisition Cash-to-Debt Related Terms

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byNordic Acquisition (byNordic Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pir 29, Einar Hansens Esplanad 29, Malmo, SWE, 211 13

Website

byNordic Acquisition Corp is a blank check company.

Executives

Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Mizuho Americas Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Thomas L Fairfield	officer: CFO, COO and Secretary	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Steven M Wasserman	director	328 WEST 77TH STREET, NEW YORK NY 10024
Mats Karlsson	officer: Director of Acquisition	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Michael Hermansson	officer: Chief Executive Officer	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Anna Yukiko Bickenbach	director	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Christian Merheim	officer: Director of Technology	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Water By Nordic Ab	10 percent owner	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Jonas Olsson	director, officer: Chairman of the Board	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Anders Norlin	director	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Alexander Bigge Lidgren	officer: Director of Marketing	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Elmberg Fredrik Jan Thure	director	REINBEKER WEG 51, D-21029, HAMBURG 2M 00000