Northern Star Investment II (Northern Star Investment II) Cash-to-Debt : 0.15 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Northern Star Investment II 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. Northern Star Investment II's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.15.

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, Northern Star Investment II 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 Northern Star Investment II's Cash-to-Debt or its related term are showing as below:

NSTB.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: No Debt Max: No Debt
Current: 0.15

During the past 3 years, Northern Star Investment II's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was No Debt.

NSTB.U's Cash-to-Debt is ranked worse than
74.41% of 551 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs NSTB.U: 0.15

Northern Star Investment II Cash-to-Debt Historical Data

The historical data trend for Northern Star Investment II'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.

* Premium members only.

Northern Star Investment II Cash-to-Debt Chart

Northern Star Investment II Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.83

No Debt

Northern Star Investment II Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	-	0.08	0.44	0.15

Competitive Comparison of Northern Star Investment II's Cash-to-Debt

For the Shell Companies subindustry, Northern Star Investment II'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.

Northern Star Investment II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Northern Star Investment II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Northern Star Investment II's Cash-to-Debt falls into.

Northern Star Investment II 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.

Northern Star Investment II'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)
	=	0.086	/	(383.25	+	0)
	=	0.00

Northern Star Investment II'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)
	=	0.065	/	(0.421	+	0)
	=	0.15

Northern Star Investment II (AMEX:NSTB.U) 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.

Northern Star Investment II Cash-to-Debt Related Terms

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

Northern Star Investment II (Northern Star Investment II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Star Investment Corp II (AMEX:NSTB.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NSTB:USA

Address

c/o Graubard Miller, The Chrysler Building, 405 Lexington Avenue, 11th Floor, New York, NY, USA, 10174

Website

https://www.northernstaric2.com

Northern Star Investment Corp II is a blank check company established the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Executives

Howard Yeaton	director	79 LLOYD ROAD, HOHOKUS NJ 07423
Brett Cyrgalis	director	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 44TH FLOOR, NEW YORK NY 10174
Jonathan J Ledecky	10 percent owner, officer: President, COO	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Joanna Coles	director, 10 percent owner, officer: Chief Executive Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Northern Star Ii Sponsor Llc	10 percent owner	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Arena Short Duration High Yield Fund, Lp - Series A	10 percent owner	12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Arena Capital Fund, L.p.- Series 3	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Capital Advisors, Llc- Ca	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Kristen Green	director	1617 SIXTH AVE, SEATTLE WA 98101
James Hr Brady	officer: Chief Financial Officer	1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191
Maryann Turcke	director	C/O NORTHERN STAR INVESTMENT CORP. II, 405 LEXINGTON AVENUE, NEW YORK NY 10174
David Shapiro	director	5680 A WEST CYPRESS STREET, TAMPA FL 33607