Papaya Growth Opportunity I (Papaya Growth Opportunity I) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Papaya Growth Opportunity I 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. Papaya Growth Opportunity I's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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, Papaya Growth Opportunity I couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Papaya Growth Opportunity I's Cash-to-Debt or its related term are showing as below:

During the past 3 years, Papaya Growth Opportunity I's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.15.

PPYA's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 5.385
* Ranked among companies with meaningful Cash-to-Debt only.

Papaya Growth Opportunity I Cash-to-Debt Historical Data

The historical data trend for Papaya Growth Opportunity I'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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Papaya Growth Opportunity I Cash-to-Debt Chart

Papaya Growth Opportunity I Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.15

No Debt

Papaya Growth Opportunity I Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	0.01	-	-

Competitive Comparison of Papaya Growth Opportunity I's Cash-to-Debt

For the Shell Companies subindustry, Papaya Growth Opportunity I'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.

Papaya Growth Opportunity I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Papaya Growth Opportunity I's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Papaya Growth Opportunity I's Cash-to-Debt falls into.

Papaya Growth Opportunity I 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.

Papaya Growth Opportunity I'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)
	=	0.002	/	(2.624	+	0)
	=	0.00

Papaya Growth Opportunity I'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)
	=	0.002	/	(2.624	+	0)
	=	0.00

Papaya Growth Opportunity I (NAS:PPYA) 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.

Papaya Growth Opportunity I Cash-to-Debt Related Terms

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

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Papaya Growth Opportunity Corp I (NAS:PPYA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2201 Broadway, Suite 750, Oakland, CA, USA, 94612

Website

https://www.papayagrowth.com

Papaya Growth Opportunity Corp I is a blank check company.

Executives

Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Neil B Herceg	director	2201 BROADWAY, #705, OAKLAND CA 94612
Daniel A Murillo	director	2201 BROADWAY, #705, OAKLAND CA 94612
Timothy J Schenk	director	2201 BROADWAY, #705, OAKLAND CA 94612
Alex Spiro	officer: President	25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Dave Yarnold	director	C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Patricia Nakache	director	325 SHARON PARK DR., #458, MENLO PARK CA 94025
Diana A Sklar	director	2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Daniel C Rogers	officer: CFO and Secretary	2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Papaya Growth Opportunity I Sponsor, Llc	10 percent owner	2201 BROADWAY, SUITE 750, OAKLAND CA 94612
Patrick Pohlen	director	C/O MNTN DIGITAL, INC., 201 W. 5TH STREET, 11TH FLOOR, AUSTIN TX 78701

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Headlines

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