First Light Acquisition Group (First Light Acquisition Group) Cash-to-Debt : 0.45 (As of Jun. 2023)

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What is First Light Acquisition Group 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. First Light Acquisition Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.45.

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, First Light Acquisition Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

FLAG.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: 0.45

During the past 2 years, First Light Acquisition Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

FLAG.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.82 vs FLAG.U: 0.45

First Light Acquisition Group Cash-to-Debt Historical Data

The historical data trend for First Light Acquisition Group'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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First Light Acquisition Group Cash-to-Debt Chart

First Light Acquisition Group Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.08

First Light Acquisition Group Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	0.09	0.08	0.06	0.45

Competitive Comparison of First Light Acquisition Group's Cash-to-Debt

For the Shell Companies subindustry, First Light Acquisition Group'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.

First Light Acquisition Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

First Light Acquisition Group 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.

First Light Acquisition Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.094	/	(1.225	+	0)
	=	0.08

First Light Acquisition Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.67	/	(1.49	+	0)
	=	0.45

First Light Acquisition Group (AMEX:FLAG.U) 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.

First Light Acquisition Group Cash-to-Debt Related Terms

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First Light Acquisition Group (First Light Acquisition Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Light Acquisition Group Inc (AMEX:FLAG.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11110 Sunset Hills Road, Suite No. 2278, Reston, VA, USA, 20190

Website

https://www.firstlightacquisition.com

First Light Acquisition Group Inc is a is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.