Digital World Acquisition (Digital World Acquisition) Cash-to-Debt : 0.57 (As of Sep. 2023)

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What is Digital World 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. Digital World Acquisition's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.57.

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, Digital World Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

DWAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: No Debt
Current: 0.57

During the past 3 years, Digital World Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.29.

DWAC's Cash-to-Debt is ranked worse than
61.94% of 557 companies
in the Diversified Financial Services industry
Industry Median: 2.43 vs DWAC: 0.57

Digital World Acquisition Cash-to-Debt Historical Data

The historical data trend for Digital World 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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Digital World Acquisition Cash-to-Debt Chart

Digital World Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

No Debt

Digital World Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						-	-	0.04	0.02	0.57

Competitive Comparison of Digital World Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Digital World 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.

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

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

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

Digital World 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.

Digital World 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)
	=	0.001	/	(3.501	+	0)
	=	0.00

Digital World Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.286	/	(5.747	+	0)
	=	0.57

Digital World Acquisition (NAS:DWAC) 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.

Digital World Acquisition Cash-to-Debt Related Terms

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Digital World Acquisition (Digital World Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Digital World Acquisition Corp (NAS:DWAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DWACW:USA

Address

3109 Grand Avenue, No 450, Miami, FL, USA, 33133

Website

Digital World Acquisition Corp is a blank check company.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Patrick Francis Orlando	director, 10 percent owner, officer: CEO and Chairman	212 E 48TH STREET - PHB, NEW YORK NY 10017
Justin Shaner	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Eric Swider	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Rodrigo Veloso	director	78 SW 7TH STREET, MIAMI FL 33130
Bruce J. Garelick	director	78 SW 7TH STREET, MIAMI FL 33130
Jacobson Montie	director	78 SW 7TH STREET, MIAMI FL 33130
Luiz Orleans-braganza	officer: Chief Financial Officer	78 SW 7TH STREET, MIAMI FL 33130
Arc Global Investments Ii Llc	10 percent owner	78 SW 7TH STREET, MIAMI FL 33130