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

Finnovate Acquisition (Finnovate Acquisition) Cash-to-Debt : 0.00 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Finnovate 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. Finnovate Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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, Finnovate Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

During the past 3 years, Finnovate Acquisition's highest Cash to Debt Ratio was 2.25. The lowest was 0.00. And the median was 0.89.

FNVT'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.

Finnovate Acquisition Cash-to-Debt Historical Data

The historical data trend for Finnovate 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.

* Premium members only.

Finnovate Acquisition Cash-to-Debt Chart

Finnovate Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
2.25 0.54 -

Finnovate Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 - - - -

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

For the Shell Companies subindustry, Finnovate 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.

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

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

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


Finnovate 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.

Finnovate Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 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 / (1.343 + 0)
=0.00

Finnovate Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
=0.005 / (1.91 + 0)
=0.00

* 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.

Finnovate Acquisition  (NAS:FNVT) 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.

Finnovate Acquisition Cash-to-Debt Related Terms

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

Finnovate Acquisition (Finnovate Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Finnovate Acquisition Corp (NAS:FNVT) » Definitions » Cash-to-Debt
Comparable Companies
FTII DIST NCAC GAMC MARX HSPO TENK CFFE ATMV CNGL PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
20 Genesis Close, The White House, George Town, Grand Cayman, CYM, KY1 1208
Website
https://www.finnovateacquisition.com
Finnovate Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Chun Yi Hao director 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Sanjay Prasad director 25 MALL ROAD, SUITE 330, BURLINGTON MA 01803
Tiemei Sarah Li director THE WHITE HOUSE, 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Meitav Investment House Ltd 10 percent owner 30 DEREKH SHESHET HA-YAMIM ST., BENE-BERAQ L3 5112302
Wang Chiu Wong director, 10 percent owner, officer: Chief Financial Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN, E9 KY1 1208
Calvin Kung director, 10 percent owner, officer: Chief Executive Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Sunorange Ltd. 10 percent owner C/O FINNOVATE ACQUISITION CORP., THE WHITE HOUSE 20 GENESIS CLOSE,, GEORGE TOWN E9 KY11208
Mitchell Alan Garber director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Ron Avshalom Golan director, officer: Chief Financial Officer 6 FROGNAL CLOSE, LONDON X0 NW3 6YB
Gustavo Rodolfo Schwed director 34 WEST 17TH STREET, PH, NEW YORK NY 10011
David Gershon director, officer: Chief Executive Officer 9 MAURIZIO VITALE APT. 47, TEL AVIV L3 6965104
Nadav Zohar director C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Jonathan Ophir officer: Chief Investment Officer C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor L.p. 10 percent owner C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor Llc 10 percent owner C/O FINNOVATE ACQUISITION CORP., 94 YIGAL ALON ST., TEL AVIV L3 6789139