Avalon Acquisition (Avalon Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is Avalon 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. Avalon Acquisition's cash to debt ratio for the quarter that ended in Mar. 2023 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, Avalon Acquisition could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Avalon Acquisition's Cash-to-Debt or its related term are showing as below:

AVAC's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 5.385
* Ranked among companies with meaningful Cash-to-Debt only.

Avalon Acquisition Cash-to-Debt Historical Data

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

Avalon Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

Avalon Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Shell Companies subindustry, Avalon 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.

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

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

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

Avalon 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.

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

Avalon Acquisition had no debt ⁽¹⁾.

Avalon Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Avalon Acquisition had no debt ⁽¹⁾.

Avalon Acquisition (NAS:AVAC) 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.

Avalon Acquisition Cash-to-Debt Related Terms

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

Avalon Acquisition (Avalon Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Avalon Acquisition Inc (NAS:AVAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Embarcadero Center, 8th Floor, San Francisco, CA, USA, 94111

Website

https://www.avalonspac.com

Avalon Acquisition Inc is a blank check company.

Executives

Stuart H Bohart	director	C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Klinck John L. Jr.	director	C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Donald H Putnam	director, 10 percent owner, officer: Executive Chairman
Steven M Gluckstern	director	C/O AAMES FINANCIAL CORP, 350 S GRAND AVE 52ND FL, LOS ANGELES CA 90071-3406
John Griff	officer: President	1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Douglas C. Mangini	director	10 INDIAN TERRACE, LOCUST NJ 07760
Craig S. Cognetti	director, 10 percent owner, officer: Chief Executive Officer	2 14TH STREET APT 233, HOBOKEN NJ 07030
Rei-rung Rachel Hsu	officer: Chief Financial Officer	3555 BLAIR CIR NE, BROOKHAVEN GA 30319
Avalon Acquisition Holdings Llc	10 percent owner	2 EMBARCADERO CENTER, FLOOR 8, SAN FRANCISCO CA 94111