Generation Asia I Acquisition (Generation Asia I Acquisition) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is Generation Asia I 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. Generation Asia I Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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

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

GAQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 5000.24 Max: No Debt
Current: 0.06

During the past 3 years, Generation Asia I Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 5000.24.

GAQ's Cash-to-Debt is ranked worse than
83.33% of 540 companies
in the Diversified Financial Services industry
Industry Median: 5.48 vs GAQ: 0.06

Generation Asia I Acquisition Cash-to-Debt Historical Data

The historical data trend for Generation Asia I 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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Generation Asia I Acquisition Cash-to-Debt Chart

Generation Asia I Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.48

No Debt

0.21

Generation Asia I Acquisition Quarterly Data
	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	0.33	0.21	0.06

Competitive Comparison of Generation Asia I Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Generation Asia I 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.

Generation Asia I Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Generation Asia I Acquisition's Cash-to-Debt falls into.

Generation Asia I 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.

Generation Asia I 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)
	=	0.32	/	(1.5	+	0)
	=	0.21

Generation Asia I Acquisition'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)
	=	0.132	/	(2.05	+	0)
	=	0.06

Generation Asia I Acquisition (NAS:GAQ) 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.

Generation Asia I Acquisition Cash-to-Debt Related Terms

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Generation Asia I Acquisition (Generation Asia I Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Generation Asia I Acquisition Ltd (NAS:GAQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cricket Square, Boundary Hall, Grand Cayman, CYM, KY1-1102

Website

https://gaq.gen-mgmt.com

Generation Asia I Acquisition Ltd is a blank check company.

Executives

Mei Gao	director	101 CENTRAL PARK WEST, 4B, NEW YORK NY 10023
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Roy Kuan	director, officer: Chief Executive Officer	68 YEE WO STREET, 18/F, CAUSEWAY BAY K3 00000
Kwok Catherine Chung Ka	officer: Chief Financial Officer	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Norimitsu Niwa	director, officer: Chief Operating Officer	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Gary Wb Chan	director	TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3