Gores Holdings IX (Gores Holdings IX) Cash-to-Debt : 2.84 (As of Dec. 2023)

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What is Gores Holdings IX 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. Gores Holdings IX's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.84.

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, Gores Holdings IX could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Gores Holdings IX's Cash-to-Debt or its related term are showing as below:

GHIX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 0.63 Max: 2.84
Current: 2.84

During the past 3 years, Gores Holdings IX's highest Cash to Debt Ratio was 2.84. The lowest was 0.49. And the median was 0.63.

GHIX's Cash-to-Debt is ranked worse than
50.81% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs GHIX: 2.84

Gores Holdings IX Cash-to-Debt Historical Data

The historical data trend for Gores Holdings IX'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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Gores Holdings IX Cash-to-Debt Chart

Gores Holdings IX Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.49

0.63

2.84

Gores Holdings IX Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.63	0.49	0.18	0.03	2.84

Competitive Comparison of Gores Holdings IX's Cash-to-Debt

For the Shell Companies subindustry, Gores Holdings IX'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.

Gores Holdings IX's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Gores Holdings IX's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gores Holdings IX's Cash-to-Debt falls into.

Gores Holdings IX 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.

Gores Holdings IX'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)
	=	1.843	/	(0.65	+	0)
	=	2.84

Gores Holdings IX'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)
	=	1.843	/	(0.65	+	0)
	=	2.84

Gores Holdings IX (NAS:GHIX) 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.

Gores Holdings IX Cash-to-Debt Related Terms

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

Gores Holdings IX (Gores Holdings IX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Holdings IX Inc (NAS:GHIX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

https://www.gores.com

Gores Holdings IX Inc is a blank check company 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

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: See Remarks	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Keith Covington	director	500 WEST ILLINOIS, MIDLAND TX 79701
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Sponsor Ix Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301

Gores Holdings IX (Gores Holdings IX) Headlines

From GuruFocus

Gores Holdings IX, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing March 4, 2022

By Business Wire Business Wire • 03-01-2022

Gores Holdings IX, Inc. Announces Pricing of $525 Million Initial Public Offering

By Business Wire Business Wire • 01-12-2022

Gores Holdings IX, Inc. Completes $525 Million Initial Public Offering

By Business Wire Business Wire • 01-14-2022