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TenX Keane Acquisition (TenX Keane Acquisition) Cash-to-Debt : 0.03 (As of Dec. 2023)


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What is TenX Keane 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. TenX Keane Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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

TENK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 5000.01   Max: No Debt
Current: 0.03

During the past 3 years, TenX Keane Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5000.01.

TENK's Cash-to-Debt is ranked worse than
89.15% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs TENK: 0.03

TenX Keane Acquisition Cash-to-Debt Historical Data

The historical data trend for TenX Keane 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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TenX Keane Acquisition Cash-to-Debt Chart

TenX Keane Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
N/A No Debt 0.03

TenX Keane Acquisition Quarterly Data
Dec21 Dec22 Dec23
Cash-to-Debt N/A No Debt 0.03

Competitive Comparison of TenX Keane Acquisition's Cash-to-Debt

For the Shell Companies subindustry, TenX Keane 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.

TenX Keane Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


TenX Keane 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.

TenX Keane Acquisition'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)
=0.033 / (1.32 + 0)
=0.03

TenX Keane Acquisition'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)
=0.033 / (1.32 + 0)
=0.03

* 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.

TenX Keane Acquisition  (NAS:TENK) 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.

TenX Keane Acquisition Cash-to-Debt Related Terms

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TenX Keane Acquisition (TenX Keane Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TenX Keane Acquisition (NAS:TENK) » Definitions » Cash-to-Debt
Comparable Companies
ATMV CNGL HSPO LATG MARX GAMC ATMC FSRX NCAC IMAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
420 Lexington Avenue, Suite 2446, New York, NY, USA, 10170
Website
TenX Keane Acquisition is a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Dahe Zhang director, 10 percent owner, officer: Chief Financial Officer 500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110
Joel David Mayersohn director 350 EAST LAS OLAS BLVD. #1150, FORT LAUDERDALE FL 33301
Cathy Jiang director NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, SHANXI PROVINCE F4 71000
10xyz Management Llc 10 percent owner NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, XI AN F4 71000
Xiaofeng Yuan director, 10 percent owner, officer: Chief Executive Officer NO.99, TIANGU 7TH ROAD, YANTA DISTRICT, XIAN CITY F4 71000
Brian Shawn Hartzband director 500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110