Gores Guggenheim (Gores Guggenheim) Cash-to-Debt : 0.14 (As of Mar. 2022)

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What is Gores Guggenheim 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. Gores Guggenheim's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.14.

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, Gores Guggenheim couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

GGPIW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.24 Max: 1.08
Current: 0.14

During the past 2 years, Gores Guggenheim's highest Cash to Debt Ratio was 1.08. The lowest was 0.14. And the median was 0.24.

GGPIW's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.37 vs GGPIW: 0.14

Gores Guggenheim Cash-to-Debt Historical Data

The historical data trend for Gores Guggenheim'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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Gores Guggenheim Cash-to-Debt Chart

Gores Guggenheim Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

N/A

0.15

Gores Guggenheim Semi-Annual Data
	Jan21	Mar21	Jun21	Sep21	Dec21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	0.53	0.24	0.15	0.14

Competitive Comparison of Gores Guggenheim's Cash-to-Debt

For the Shell Companies subindustry, Gores Guggenheim'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.

Gores Guggenheim's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Gores Guggenheim 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.

Gores Guggenheim's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	0.303	/	(2	+	0)
	=	0.15

Gores Guggenheim's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.35	/	(2.5	+	0)
	=	0.14

Gores Guggenheim (NAS:GGPIW) 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.

Gores Guggenheim Cash-to-Debt Related Terms

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