East Resources Acquisition Co (East Resources Acquisition Co) Cash-to-Debt : 0.01 (As of Mar. 2023)

View and export this data going back to 2020. Start your Free Trial

What is East Resources Acquisition Co 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. East Resources Acquisition Co's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.01.

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, East Resources Acquisition Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

ERESU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.68 Max: No Debt
Current: 0.01

During the past 3 years, East Resources Acquisition Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.68.

ERESU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs ERESU: 0.01

East Resources Acquisition Co Cash-to-Debt Historical Data

The historical data trend for East Resources Acquisition Co'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.

* Premium members only.

East Resources Acquisition Co Cash-to-Debt Chart

East Resources Acquisition Co Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.57

0.02

East Resources Acquisition Co Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial							0.42	0.38	0.34	0.02	0.01

Competitive Comparison of East Resources Acquisition Co's Cash-to-Debt

For the Shell Companies subindustry, East Resources Acquisition Co'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.

East Resources Acquisition Co's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

East Resources Acquisition Co 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.

East Resources Acquisition Co'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)
	=	0.087	/	(4.924	+	0)
	=	0.02

East Resources Acquisition Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.057	/	(5.49	+	0)
	=	0.01

East Resources Acquisition Co (NAS:ERESU) 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.

East Resources Acquisition Co Cash-to-Debt Related Terms

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

East Resources Acquisition Co (East Resources Acquisition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » East Resources Acquisition Co (NAS:ERESU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7777 NW Beacon Square Boulevard, Boca Raton, FL, USA, 33487

Website

https://www.eastresources.com

East Resources Acquisition Co is a blank check company.

Executives

Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Phillip Gross	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Thomas A Lopus	director	650 WASHINGTON ROAD, SUITE 800, PITTSBURGH PA 15228
Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
William A. Fustos	director	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Jacob R. Long	officer: VP, Operations	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Benjamin N. Wingard	officer: VP, Business Development	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Hagerman Gary L. Jr.	director, officer: CFO and Treasurer	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Allen F. Sobol	director	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
John P. Sieminski	officer: GC & Secretary	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487