Quantum Fintech Acquisition (Quantum Fintech Acquisition) Cash-to-Debt : 1.49 (As of Sep. 2023)

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

What is Quantum Fintech 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. Quantum Fintech Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.49.

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, Quantum Fintech Acquisition could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

QFTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 2.63 Max: No Debt
Current: 1.49

During the past 3 years, Quantum Fintech Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was 2.63.

QFTA's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.34 vs QFTA: 1.49

Quantum Fintech Acquisition Cash-to-Debt Historical Data

The historical data trend for Quantum Fintech 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.

* Premium members only.

Quantum Fintech Acquisition Cash-to-Debt Chart

Quantum Fintech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.17

No Debt

0.27

Quantum Fintech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							0.18	0.27	2.91	2.36	1.49

Competitive Comparison of Quantum Fintech Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Quantum Fintech 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.

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

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

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

Quantum Fintech 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.

Quantum Fintech 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)
	=	0.13	/	(0.48	+	0)
	=	0.27

Quantum Fintech Acquisition'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)
	=	0.713	/	(0.48	+	0)
	=	1.49

Quantum Fintech Acquisition (AMEX:QFTA) 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.

Quantum Fintech Acquisition Cash-to-Debt Related Terms

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

Quantum Fintech Acquisition (Quantum Fintech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Quantum Fintech Acquisition Corp (AMEX:QFTA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.qftacorp.com

Quantum Fintech Acquisition Corp is a blank check company.

Executives

Cable Car Capital Llc	10 percent owner	2261 MARKET STREET #4307, SAN FRANCISCO CA 94114
Jacob Ma-weaver	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Funicular Funds, Lp	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Sandip I Patel	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Richard Korhammer	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
John Schaible	director, officer: Chairman and CEO	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Quantum Ventures Llc	10 percent owner	4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Miguel Leon	director, officer: Chief Financial Officer	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Daniel V Caamano	director, officer: President	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Steven J. Carlson	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Thomas Jon Hammond	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607