GigCapital5 (GigCapital5) Cash-to-Debt : 0.05 (As of Sep. 2023)

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What is GigCapital5 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. GigCapital5's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.05.

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, GigCapital5 couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for GigCapital5's Cash-to-Debt or its related term are showing as below:

GIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 1.68 Max: No Debt
Current: 0.05

During the past 2 years, GigCapital5's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 1.68.

GIA's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.34 vs GIA: 0.05

GigCapital5 Cash-to-Debt Historical Data

The historical data trend for GigCapital5'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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GigCapital5 Cash-to-Debt Chart

GigCapital5 Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.09

GigCapital5 Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						2.16	0.09	0.20	-	0.05

Competitive Comparison of GigCapital5's Cash-to-Debt

For the Shell Companies subindustry, GigCapital5'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.

GigCapital5's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GigCapital5's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where GigCapital5's Cash-to-Debt falls into.

GigCapital5 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.

GigCapital5'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)
	=	0.078	/	(0.861	+	0)
	=	0.09

GigCapital5's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.122	/	(2.576	+	0)
	=	0.05

GigCapital5 (NAS:GIA) 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.

GigCapital5 Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of GigCapital5's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

GigCapital5 (GigCapital5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GigCapital5 Inc (NAS:GIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1731 Embarcadero Road, Suite 200, Palo Alto, CA, USA, 94303

Website

https://www.gigcapitalglobal.com

GigCapital5 Inc is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Sharmila Makhija	director	1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303
Dorothy D Hayes	director	P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Neil Miotto	director, 10 percent owner	2146 HARKINS AVE, MENLO PARK CA 94025
Avi S Katz	director, 10 percent owner, officer: Executive Chairman	C/O GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Walter Bradford Weightman	officer: Treasurer and CFO	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD, SUITE 200, PALO ALTO CA 94303
Raluca Dinu	director, 10 percent owner, officer: President, CEO and Secretary	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303
Raanan Horowitz	director	C/O GIGCAPITAL5, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Gigacquisitions5, Llc	10 percent owner	1731 EMBARCADERO ROAD SUITE 200, PALO ALTO CA 94303