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Innovative International Acquisition (Innovative International Acquisition) Cash-to-Debt : 0.01 (As of Sep. 2023)


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What is Innovative International 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. Innovative International Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Innovative International Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

IOACW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.16   Max: No Debt
Current: 0.01

During the past 2 years, Innovative International Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.16.

IOACW's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.755 vs IOACW: 0.01

Innovative International Acquisition Cash-to-Debt Historical Data

The historical data trend for Innovative International 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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Innovative International Acquisition Cash-to-Debt Chart

Innovative International Acquisition Annual Data
Trend Dec21 Dec22
Cash-to-Debt
No Debt 0.02

Innovative International Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.02 0.03 0.01 0.01

Competitive Comparison of Innovative International Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Innovative International 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.

Innovative International Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Innovative International 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.

Innovative International Acquisition'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)
=0.01 / (0.5 + 0)
=0.02

Innovative International Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=0.023 / (3.028 + 0)
=0.01

* 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.

Innovative International Acquisition  (NAS:IOACW) 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.

Innovative International Acquisition Cash-to-Debt Related Terms

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Innovative International Acquisition (Innovative International Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovative International Acquisition Corp (NAS:IOACW) » Definitions » Cash-to-Debt
Comparable Companies
MITA THCP CSLM GIA SZZL QFTA SLAC CFFE PORT EGGF PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
24681 La Plaza, Suite 300, Dana Point, CA, USA, 92629
Website
https://www.innovativeacquisitioncorp.com
Innovative International Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.