Adara Acquisition (Adara Acquisition) Cash-to-Debt : 0.07 (As of Sep. 2022)

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What is Adara 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. Adara Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.07.

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, Adara Acquisition 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 Adara Acquisition's Cash-to-Debt or its related term are showing as below:

ADRA.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 0.07

During the past 2 years, Adara Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

ADRA.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs ADRA.U: 0.07

Adara Acquisition Cash-to-Debt Historical Data

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

Adara Acquisition Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

0.17

No Debt

Adara Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	0.03	0.07

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

For the Shell Companies subindustry, Adara 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.

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

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

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

Adara 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.

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

Adara Acquisition had no debt ⁽¹⁾.

Adara Acquisition'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)
	=	0.03	/	(0.436	+	0)
	=	0.07

Adara Acquisition (AMEX:ADRA.U) 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.

Adara Acquisition Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Adara Acquisition's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Adara Acquisition (Adara Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adara Acquisition Corp (AMEX:ADRA.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8845 Red Oak Boulevard, Charlotte, NC, USA, 28217

Website

https://www.adaraspac.com

Adara Acquisition Corp is a blank check company.

Executives

Paul Eibeler	director	C/O MOOMJIAN & WAITE, LLP, 100 JERICHO QUADRANGLE STE 225, JERICHO NY 11753
Ogilvie Bruce A Jr	director, 10 percent owner, officer: See Remarks	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
John Edwin Kutch	officer: Chief Financial Officer	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Chris Nagelson	director	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Terilea J Wielenga	director	25 CEDAR RIDGE, IRVINE CA 92603
Jeffrey Clinton Walker	director, 10 percent owner, officer: Chief Executive Officer	1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Dylan Glenn	director	535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Martin A. Sumichrast	director, 10 percent owner, officer: Chief Executive Officer	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277
Thomas M Finke	director	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Paul G Porter	officer: Chief Financial Officer	7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Adara Sponsor Llc	10 percent owner	8845 RED OAK BOULEVARD, CHARLOTTE NC 28217
Donaldson Walter Tommy Iii	director	211 EAST BLVD., CHARLOTTE NC 28203
Beatriz Acevedo-greiff	director	1023 MAPLE STREET, SANTA MONICA CA 90405
Frank Quintero	director	1966 DEERMONT RD, GLENDALE CA 91207

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