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Logistics Innovation Technologies (Logistics Innovation Technologies) Cash-to-Debt : No Debt (1) (As of Mar. 2023)


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What is Logistics Innovation Technologies 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. Logistics Innovation Technologies's cash to debt ratio for the quarter that ended in Mar. 2023 was No Debt (1).

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, Logistics Innovation Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

(1) 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.

The historical rank and industry rank for Logistics Innovation Technologies's Cash-to-Debt or its related term are showing as below:

LITTU' s Cash-to-Debt Range Over the Past 10 Years
Min: 2   Med: 6.48   Max: No Debt
Current: 2

During the past 2 years, Logistics Innovation Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 2.00. And the median was 6.48.

LITTU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.82 vs LITTU: 2.00

Logistics Innovation Technologies Cash-to-Debt Historical Data

The historical data trend for Logistics Innovation Technologies'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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Logistics Innovation Technologies Cash-to-Debt Chart

Logistics Innovation Technologies Annual Data
Trend Dec21 Dec22
Cash-to-Debt
11.38 2.32

Logistics Innovation Technologies Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 5.89 3.79 No Debt 2.32 No Debt

Competitive Comparison of Logistics Innovation Technologies's Cash-to-Debt

For the Shell Companies subindustry, Logistics Innovation Technologies'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.

Logistics Innovation Technologies's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Logistics Innovation Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Logistics Innovation Technologies's Cash-to-Debt falls into.


Logistics Innovation Technologies 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.

Logistics Innovation Technologies'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)
=0.475 / (0.205 + 0)
=2.32

Logistics Innovation Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Logistics Innovation Technologies had no debt (1).

* 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.

Logistics Innovation Technologies  (NAS:LITTU) 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.

Logistics Innovation Technologies Cash-to-Debt Related Terms

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Logistics Innovation Technologies (Logistics Innovation Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Logistics Innovation Technologies Corp (NAS:LITTU) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
3495 Piedmont Road North East, Boulevard 11, Suite 710, One Piedmont Center, Atlanta, GA, USA, 30305
Website
Logistics Innovation Technologies Corp is a blank check company.