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Aurora Acquisition (Aurora Acquisition) Cash-to-Debt : 2.98 (As of Jun. 2023)


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What is Aurora 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. Aurora Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 was 2.98.

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, Aurora Acquisition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

AURC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.39   Max: 9.43
Current: 2.98

During the past 3 years, Aurora Acquisition's highest Cash to Debt Ratio was 9.43. The lowest was 0.02. And the median was 0.39.

AURC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.43 vs AURC: 2.98

Aurora Acquisition Cash-to-Debt Historical Data

The historical data trend for Aurora 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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Aurora Acquisition Cash-to-Debt Chart

Aurora Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Cash-to-Debt
- 0.03 0.10

Aurora Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.02 1.66 0.10 2.41 2.98

Competitive Comparison of Aurora Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Aurora 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.

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

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

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


Aurora 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.

Aurora 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)
=0.285 / (2.812 + 0)
=0.10

Aurora 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)
=1.229 / (0.412 + 0)
=2.98

* 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.

Aurora Acquisition  (NAS:AURC) 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.

Aurora Acquisition Cash-to-Debt Related Terms

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Aurora Acquisition (Aurora Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aurora Acquisition Corp (NAS:AURC) » Definitions » Cash-to-Debt
Comparable Companies
PACI CPTK GGMC ADER ADEX NFNT KCGI KAIR POW EPWR GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
20 North Audley Street, London, GBR, W1K 6LX
Website
https://www.aurora-acquisition.com
Aurora Acquisition Corp is a blank check company.
Executives
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Novator Capital Sponsor Ltd. 10 percent owner 452 5TH AVENUE, NEW YORK NY 10018
Michael Edelstein director 452 5TH AVENUE, NEW YORK NY 10018
Sangeeta Desai director 452 5TH AVENUE, NEW YORK NY 10018
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Arnaud Massenet officer: Chief Executive Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Caroline Harding director, officer: Chief Financial Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Shravin Mittal director 452 FIFTH AVENUE, NEW YORK NY 10018