Concord Acquisition II (Concord Acquisition II) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Concord 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. Concord Acquisition II's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Concord Acquisition II couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CNDA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: No Debt Max: No Debt
Current: 0.13

During the past 3 years, Concord Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was No Debt.

CNDA's Cash-to-Debt is ranked worse than
76.22% of 555 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs CNDA: 0.13

Concord Acquisition II Cash-to-Debt Historical Data

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

Concord Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Concord Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	0.13

Competitive Comparison of Concord Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, Concord 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.

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

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

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

Concord 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.

Concord Acquisition II's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Concord Acquisition II had no debt ⁽¹⁾.

Concord Acquisition II's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.075	/	(0	+	0.6)
	=	0.13

Concord Acquisition II (NYSE:CNDA) 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.

Concord Acquisition II Cash-to-Debt Related Terms

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Concord Acquisition II (Concord Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Concord Acquisition Corp II (NYSE:CNDA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Madison Avenue, New York, NY, USA, 10022

Website

Concord Acquisition Corp II is a newly organized, blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Diamond Robert E. Jr.	director	BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder	officer: Chief Executive Officer	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King	director	C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort	director	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito	officer: Chief Financial Officer	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Henry Helgeson	director	477 MADISON AVENUE, C/O CONCORD ACQUISITION CORP., NEW YORK NY 10022
Concord Sponsor Group Ii Llc	10 percent owner	477 MADISON AVENUE, NEW YORK NY 10022

Concord Acquisition II (Concord Acquisition II) Headlines

From GuruFocus

Concord Acquisition Corp II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 09-07-2021

Concord Acquisition Corp II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About October 22, 2021

By PRNewswire PRNewswire • 10-20-2021