Denali Capital Acquisition (Denali Capital Acquisition) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Denali 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. Denali Capital Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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

DECA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 5000.06 Max: No Debt
Current: 0.11

During the past 2 years, Denali Capital Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 5000.06.

DECA's Cash-to-Debt is ranked worse than
77.4% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs DECA: 0.11

Denali Capital Acquisition Cash-to-Debt Historical Data

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

Denali Capital Acquisition Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

No Debt

0.11

Denali Capital Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	0.02	0.01	0.11

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

For the Shell Companies subindustry, Denali 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.

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

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

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

Denali 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.

Denali Capital 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)
	=	0.204	/	(1.818	+	0)
	=	0.11

Denali Capital 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)
	=	0.204	/	(1.818	+	0)
	=	0.11

Denali Capital Acquisition (NAS:DECA) 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.

Denali Capital Acquisition Cash-to-Debt Related Terms

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Denali Capital Acquisition (Denali Capital Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

437 Madison Avenue, 27th Floor, New York, NY, USA, 10022

Website

Denali Capital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

Executives

Huifeng Chang	director	10 EASTERN DRIVE, PRINCENTON JUNCTION NJ 08550
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Lei Huang	director, officer: Chief Executive Officer	3 STONER AVE, GREAT NECK NY 10021
Jim Mao	director	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
You Sun	officer: Chief Financial Officer	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Jiandong Xu	10 percent owner	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Denali Capital Global Investments Llc	10 percent owner	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022