Spartan Acquisition III (Spartan Acquisition III) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Sep. 2021)

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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. Spartan Acquisition III's cash to debt ratio for the quarter that ended in Sep. 2021 was No Debt ⁽¹⁾.

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, Spartan Acquisition III could pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

SPAQ.WS' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 1 years, Spartan Acquisition III's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

SPAQ.WS's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.4 vs SPAQ.WS: No Debt

Spartan Acquisition III Cash-to-Debt Historical Data

The historical data trend for Spartan Acquisition III'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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Spartan Acquisition III Annual Data

Trend

Dec20

Cash-to-Debt

N/A

Spartan Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21
Cash-to-Debt	N/A	No Debt	No Debt	No Debt

Competitive Comparison

For the Shell Companies subindustry, Spartan Acquisition III'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.

Spartan Acquisition III Cash-to-Debt Distribution

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

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

Spartan Acquisition III 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.

Spartan Acquisition III's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Spartan Acquisition III's Cash to Debt Ratio for the quarter that ended in Sep. 2021 is calculated as:

Spartan Acquisition III had no debt ⁽¹⁾.

Spartan Acquisition III (NYSE:SPAQ.WS) 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.

Spartan Acquisition III Cash-to-Debt Related Terms

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