FTAC Zeus Acquisition (FTAC Zeus Acquisition) Cash-to-Debt : 0.28 (As of Jun. 2023)

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What is FTAC Zeus 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. FTAC Zeus Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.28.

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, FTAC Zeus Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 FTAC Zeus Acquisition's Cash-to-Debt or its related term are showing as below:

ZINGU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: No Debt Max: No Debt
Current: 0.28

During the past 2 years, FTAC Zeus Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was No Debt.

ZINGU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.24 vs ZINGU: 0.28

FTAC Zeus Acquisition Cash-to-Debt Historical Data

The historical data trend for FTAC Zeus 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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FTAC Zeus Acquisition Cash-to-Debt Chart

FTAC Zeus Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

FTAC Zeus Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	0.10	0.28

Competitive Comparison of FTAC Zeus Acquisition's Cash-to-Debt

For the Shell Companies subindustry, FTAC Zeus 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.

FTAC Zeus Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

FTAC Zeus 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.

FTAC Zeus Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

FTAC Zeus Acquisition had no debt ⁽¹⁾.

FTAC Zeus Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.213	/	(0.75	+	0)
	=	0.28

FTAC Zeus Acquisition (NAS:ZINGU) 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.

FTAC Zeus Acquisition Cash-to-Debt Related Terms

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