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Slam (SLAM) Cash-to-Debt : 0.01 (As of Dec. 2023)


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What is Slam 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. Slam's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Slam 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 Slam's Cash-to-Debt or its related term are showing as below:

SLAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 1.18
Current: 0.01

During the past 4 years, Slam's highest Cash to Debt Ratio was 1.18. The lowest was 0.01. And the median was 0.08.

SLAM's Cash-to-Debt is ranked worse than
95.66% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs SLAM: 0.01

Slam Cash-to-Debt Historical Data

The historical data trend for Slam'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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Slam Cash-to-Debt Chart

Slam Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
N/A 1.18 0.08 0.01

Slam Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 - 0.03 - 0.01

Competitive Comparison of Slam's Cash-to-Debt

For the Shell Companies subindustry, Slam'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.

Slam's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Slam 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.

Slam'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)
=0.076 / (0 + 12.156)
=0.01

Slam'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)
=0.076 / (0 + 12.156)
=0.01

* 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.

Slam  (NAS:SLAM) 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.

Slam Cash-to-Debt Related Terms

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

Slam (SLAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Slam Corp (NAS:SLAM) » Definitions » Cash-to-Debt
Comparable Companies
CCVI TRTL NETD HCVI CXAC NFNT APGB KCGI CNDA EMLD PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
SLAMU:USA
Address
55 Hudson Yards, 47th Floor, Suite C, New York, NY, USA, 10001
Website
https://www.slamcorp.com
Slam Corp is a blank check company.
Executives
Alexandre Zyngier director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Ann Berry director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Barbara M Byrne director C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Jagdeep Singh director C/O INFINERA CORPORATION, 169 JAVA DRIVE, SUNNYVALE CA 94089
Kelly Laferriere officer: President C/O SIX FLAGS INC, 1540 BROADWAY, NEW YORK NY 10036
Desiree Gruber director C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Himanshu Gulati director, officer: Chairman 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Slam Sponsor, Llc director, 10 percent owner 500 FIFTH AVENUE, NEW YORK NY 10110
Chetan Bansal director, officer: Chief Development Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Alexander Rodriguez director, officer: Chief Executive Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Joseph Taeid officer: Chief Financial Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Reginald Hudlin director C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110