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Kensington Capital Acquisition V (Kensington Capital Acquisition V) Cash-to-Debt : 1.11 (As of Dec. 2023)


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What is Kensington Capital Acquisition V 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. Kensington Capital Acquisition V's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.11.

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

KCGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.11   Med: 8.24   Max: 10.07
Current: 1.11

During the past 3 years, Kensington Capital Acquisition V's highest Cash to Debt Ratio was 10.07. The lowest was 1.11. And the median was 8.24.

KCGI's Cash-to-Debt is ranked worse than
57.04% of 554 companies
in the Diversified Financial Services industry
Industry Median: 2.775 vs KCGI: 1.11

Kensington Capital Acquisition V Cash-to-Debt Historical Data

The historical data trend for Kensington Capital Acquisition V'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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Kensington Capital Acquisition V Cash-to-Debt Chart

Kensington Capital Acquisition V Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
10.07 8.24 1.11

Kensington Capital Acquisition V Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.24 7.30 6.67 1.27 1.11

Competitive Comparison of Kensington Capital Acquisition V's Cash-to-Debt

For the Shell Companies subindustry, Kensington Capital Acquisition V'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.

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

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

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


Kensington Capital Acquisition V 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.

Kensington Capital Acquisition V'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)
=1.223 / (1.1 + 0)
=1.11

Kensington Capital Acquisition V'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)
=1.223 / (1.1 + 0)
=1.11

* 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.

Kensington Capital Acquisition V  (NYSE:KCGI) 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.

Kensington Capital Acquisition V Cash-to-Debt Related Terms

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Kensington Capital Acquisition V (Kensington Capital Acquisition V) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kensington Capital Acquisition Corp V (NYSE:KCGI) » Definitions » Cash-to-Debt
Comparable Companies
APGB CNDA EMLD NFNT RRAC CXAC FRBN NETD SVII IPXX PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1400 Old Country Road, Suite 301, Westbury, NY, USA, 11590
Website
https://www.kensington-cap.com
Kensington Capital Acquisition Corp V is a blank check company.
Executives
Peter Allan Goode officer: Chief Technology Officer C/O KENSINGTON CAPITAL ACQUISITION CORP., 1400 OLD COUNTRY ROAD, SUITE 301, WESTBURY NY 11590
William E Kassling director C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148
Steeg Nickolas Vande director PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44112
Mitchell I Quain director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Justin E Mirro director, 10 percent owner, officer: See Remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Anders Pettersson director CARITASGATAN 23A, LIMHAMN V7 216 18
Daniel Elliot Huber officer: Chief Financial Officer 3355 PIERSON DRIVE, WILMINGTON DE 19810
John Andrew Arney director, officer: Vice Chairman and President 7-10 ADAM STREET, LONDON X0 WC2N 6AA
Mark Robertshaw director BOSINNEY, THE LEIGH, KINGSTON UPON THAMES, SURREY X0 KT2 7DS
Julian Philipp Ameler officer: Head of Business Development 7-10 ADAM STREET, LONDON X0 WC2N 6AA
Kensington Capital Sponsor V Llc 10 percent owner 1400 OLD COUNTRY ROAD, SUITE 301, WESTBURY NY 11590