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

Global Star Acquisition (Global Star Acquisition) Cash-to-Debt : 0.40 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Global Star 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. Global Star Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.40.

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, Global Star 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 Global Star Acquisition's Cash-to-Debt or its related term are showing as below:

GLST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4   Med: 58.53   Max: No Debt
Current: 0.4

During the past 4 years, Global Star Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.40. And the median was 58.53.

GLST's Cash-to-Debt is ranked worse than
62.16% of 481 companies
in the Diversified Financial Services industry
Industry Median: 2.56 vs GLST: 0.40

Global Star Acquisition Cash-to-Debt Historical Data

The historical data trend for Global Star 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.

Global Star Acquisition Cash-to-Debt Chart

Global Star Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
N/A N/A 58.53 0.95

Global Star Acquisition Quarterly Data
Dec20 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 Premium Member Only No Debt No Debt 1.50 0.95 0.40

Competitive Comparison of Global Star Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Global Star 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.

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

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

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


Global Star 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.

Global Star 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)
=1.507 / (1.59 + 0)
=0.95

Global Star 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)
=0.641 / (1.586 + 0)
=0.40

* 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.

Global Star Acquisition  (NAS:GLST) 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.

Global Star Acquisition Cash-to-Debt Related Terms

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

Global Star Acquisition (Global Star Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Star Acquisition Inc (NAS:GLST) » Definitions » Cash-to-Debt
Comparable Companies
CETU ALOR OAKU LIBY BUJA YOTA HAIA NUBI FICV SWSS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1641 International Drive, Unit 208, McLean, VA, USA, 22102
Website
Global Star Acquisition Inc is a blank check company.
Executives
Chun Wing Lam director 1641 INTERNATIONAL DRIVE, UNIT 208, MCLEAN VA 22012
Cui Shan officer: Chief Financial Officer SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Chew Hai Chew Chwee director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Yang Kan Chong director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Kan Benny Mun Wai director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Anthony Ang director, 10 percent owner, officer: Chief Executive Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Jukka Rannila director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Nicholas Khoo officer: Chief Operating Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Global Star Acquisition 1 Llc 10 percent owner 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Stephen Drew director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012