Coastal Capital Acquisition (Coastal Capital Acquisition) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Coastal Capital 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. Coastal Capital Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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

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

CCAJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.03
Current: 0.03

During the past 0 years, Coastal Capital Acquisition's highest Cash to Debt Ratio was 0.03. The lowest was 0.03. And the median was 0.03.

CCAJ's Cash-to-Debt is ranked worse than
87.29% of 480 companies
in the Diversified Financial Services industry
Industry Median: 2.755 vs CCAJ: 0.03

Coastal Capital Acquisition Cash-to-Debt Historical Data

The historical data trend for Coastal Capital 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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Coastal Capital Acquisition Cash-to-Debt Chart

Coastal Capital Acquisition Annual Data

Trend

Cash-to-Debt

Coastal Capital Acquisition Semi-Annual Data
	Sep22	Sep23
Cash-to-Debt	N/A	0.03

Competitive Comparison of Coastal Capital Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Coastal Capital 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.

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

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

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

Coastal Capital 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.

Coastal Capital Acquisition's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Coastal Capital 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)
	=	0.003	/	(0	+	0.104)
	=	0.03

Coastal Capital Acquisition (OTCPK:CCAJ) 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.

Coastal Capital Acquisition Cash-to-Debt Related Terms

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

Coastal Capital Acquisition (Coastal Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Coastal Capital Acquisition Corp (OTCPK:CCAJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202

Website

https://www.coastalcapitalacquisitioncorp.com

Coastal Capital Acquisition Corp is a shell company.

Executives

Mark A Lewis	director	200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc	10 percent owner

Coastal Capital Acquisition (Coastal Capital Acquisition) Headlines

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