Magnum Opus Acquisition (Magnum Opus Acquisition) Cash-to-Debt : 1.30 (As of Mar. 2023)

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What is Magnum Opus 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. Magnum Opus Acquisition's cash to debt ratio for the quarter that ended in Mar. 2023 was 1.30.

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, Magnum Opus Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

OPA.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: No Debt Max: No Debt
Current: 1.3

During the past 2 years, Magnum Opus Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was No Debt.

OPA.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs OPA.U: 1.30

Magnum Opus Acquisition Cash-to-Debt Historical Data

The historical data trend for Magnum Opus 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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Magnum Opus Acquisition Cash-to-Debt Chart

Magnum Opus Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

2.98

Magnum Opus Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	0.13	2.98	1.30

Competitive Comparison of Magnum Opus Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Magnum Opus 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.

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

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

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

Magnum Opus 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.

Magnum Opus 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)
	=	0.883	/	(0	+	0.296)
	=	2.98

Magnum Opus Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.517	/	(0	+	0.397)
	=	1.30

Magnum Opus Acquisition (NYSE:OPA.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.

Magnum Opus Acquisition Cash-to-Debt Related Terms

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Magnum Opus Acquisition (Magnum Opus Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OPA:USA

Address

IBC Tower Three Garden Road, Unit 1009, Central, HKG

Website

Magnum Opus Acquisition Ltd is a blank check company.

Executives

Magnum Opus Sponsors Llc	10 percent owner	UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy	director	15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han	officer: President	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man	director, officer: Chief Financial Officer	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000