TPB Acquisition I (TPB Acquisition I) Cash-to-Debt : 0.44 (As of Sep. 2022)

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What is TPB Acquisition 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. TPB Acquisition I's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.44.

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, TPB Acquisition I couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(1) 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.

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

TPBAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 5000.56 Max: No Debt
Current: 0.44

During the past 1 years, TPB Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 5000.56.

TPBAU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs TPBAU: 0.44

TPB Acquisition I Cash-to-Debt Historical Data

The historical data trend for TPB Acquisition 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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TPB Acquisition I Cash-to-Debt Chart

TPB Acquisition I Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

TPB Acquisition I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	1.12	0.44

Competitive Comparison of TPB Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, TPB Acquisition 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.

TPB Acquisition I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

TPB Acquisition 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.

TPB Acquisition I's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

TPB Acquisition I had no debt ⁽¹⁾.

TPB Acquisition I'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)
	=	0.875	/	(2	+	0)
	=	0.44

TPB Acquisition I (NAS:TPBAU) 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.

TPB Acquisition I Cash-to-Debt Related Terms

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