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Pine Technology Acquisition (Pine Technology Acquisition) Cash-to-Debt : 3.24 (As of Sep. 2022)


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What is Pine Technology 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. Pine Technology Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 3.24.

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, Pine Technology Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

PTOCU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25   Med: 3.24   Max: No Debt
Current: 3.24

During the past 2 years, Pine Technology Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.25. And the median was 3.24.

PTOCU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.775 vs PTOCU: 3.24

Pine Technology Acquisition Cash-to-Debt Historical Data

The historical data trend for Pine Technology 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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Pine Technology Acquisition Cash-to-Debt Chart

Pine Technology Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
N/A 0.89

Pine Technology Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt 0.89 0.27 0.25 3.24

Competitive Comparison of Pine Technology Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Pine Technology 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.

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

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

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


Pine Technology 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.

Pine Technology Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
=0.313 / (0.35 + 0)
=0.89

Pine Technology Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=1.138 / (0.351 + 0)
=3.24

* 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.

Pine Technology Acquisition  (NAS:PTOCU) 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.

Pine Technology Acquisition Cash-to-Debt Related Terms

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Pine Technology Acquisition (Pine Technology Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Technology Acquisition Corp (NAS:PTOCU) » Definitions » Cash-to-Debt
Comparable Companies
TIOA NAAC RXRA LEGA MACC ACAH FMIV FACT GLBL TWNI GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
260 Lena Drive, Aurora, OH, USA, 44202
Website
https://www.pinetechnology.com
Pine Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Ciro M Defalco officer: CFO, Treasurer and Secretary C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Stone Point Capital Llc 10 percent owner 20 HORSENECK LANE, GREENWICH CT 06830
Barry D Zyskind 10 percent owner C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Christopher Longo director, officer: CEO and Director 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Adam Karkowsky director C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Bradley Tusk director 251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Nicolas D Zerbib director JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517
Trident Vii, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Vii Parallel Fund, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Pine Technology Sponsor Llc director, 10 percent owner C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Acquisition Lp 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
John Eric Smith director 260 LENA DRIVE, AURORA OH 44202
Peel Acquisition Co Ii, Llc 10 percent owner C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Gp, Llc 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Vii, L.p. 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830