Corner Growth Acquisition (Corner Growth Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Corner Growth 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. Corner Growth Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Corner Growth Acquisition could 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 Corner Growth Acquisition's Cash-to-Debt or its related term are showing as below:

COOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.22 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Corner Growth Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 1.22. And the median was No Debt.

COOL's Cash-to-Debt is ranked better than
99.81% of 540 companies
in the Diversified Financial Services industry
Industry Median: 5.48 vs COOL: No Debt

Corner Growth Acquisition Cash-to-Debt Historical Data

The historical data trend for Corner Growth 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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Corner Growth Acquisition Cash-to-Debt Chart

Corner Growth Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Corner Growth Acquisition Quarterly Data
	Oct20	Mar21	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	No Debt

Competitive Comparison of Corner Growth Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Corner Growth 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.

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

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

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

Corner Growth 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.

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

Corner Growth Acquisition had no debt ⁽¹⁾.

Corner Growth Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Corner Growth Acquisition had no debt ⁽¹⁾.

Corner Growth Acquisition (NAS:COOL) 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.

Corner Growth Acquisition Cash-to-Debt Related Terms

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

Corner Growth Acquisition (Corner Growth Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

COOLU:USA

Address

251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.cornergrowth.com

Corner Growth Acquisition Corp is a blank check company.

Executives

John J. Cadeddu	director, 10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Alexandre Balkanski	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Jason Park	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marvin Tien	director, officer: Chief Executive Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Cga Sponsor, Llc	10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Jane Batzofin	officer: President	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
David Kutcher	officer: Chief Financial Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
John Mulkey	director	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Kevin Tanaka	officer: DCD	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301