Newcourt Acquisition (Newcourt Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Newcourt 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. Newcourt Acquisition's cash to debt ratio for the quarter that ended in Sep. 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, Newcourt Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Newcourt Acquisition's Cash-to-Debt or its related term are showing as below:

NCACU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: No Debt Max: No Debt
Current: 0.08

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

NCACU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.48 vs NCACU: 0.08

Newcourt Acquisition Cash-to-Debt Historical Data

The historical data trend for Newcourt 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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Newcourt Acquisition Cash-to-Debt Chart

Newcourt Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

Newcourt Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	0.02	0.01	No Debt

Competitive Comparison of Newcourt Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Newcourt 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.

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

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

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

Newcourt 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.

Newcourt Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Newcourt Acquisition had no debt ⁽¹⁾.

Newcourt Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Newcourt Acquisition had no debt ⁽¹⁾.

Newcourt Acquisition (NAS:NCACU) 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.

Newcourt Acquisition Cash-to-Debt Related Terms

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

Newcourt Acquisition (Newcourt Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Newcourt Acquisition Corp (NAS:NCACU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NCAC:USA

Address

2201 Broadway, Suite 705, Oakland, CA, USA, 94612

Website

Newcourt Acquisition Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Van De Vyver Jurgen Johannes	officer: Chief Financial Officer	1817 CALIFORNIA STREET APT 025, SAN FRANCISCO CA 94109
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Newcourt Spac Sponsor Llc	10 percent owner	2201 BROADWAY, SUITE 705, OAKLNAD CA 94612
Marc Gregory Balkin	director, officer: Chief Executive Officer	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Daniel C Rogers	officer: Chief Financial Officer	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Simran Rekhi Aggarwal	director	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Rohit Bodas	director	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Michael Jordaan	director	2201 BROADWAY, SUITE 705, OAKLAND CA 94612
Nicole Farb	director	2201 BROADWAY; SUITE 705, OAKLAND CA 94612