G Squared Ascend I (G Squared Ascend I) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is G Squared Ascend I 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. G Squared Ascend I's cash to debt ratio for the quarter that ended in Sep. 2022 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, G Squared Ascend I could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(1) 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.

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

GSQD.U' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, G Squared Ascend I's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

GSQD.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs GSQD.U: No Debt

G Squared Ascend I Cash-to-Debt Historical Data

The historical data trend for G Squared Ascend I'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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G Squared Ascend I Cash-to-Debt Chart

G Squared Ascend I Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

N/A

No Debt

G Squared Ascend I Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of G Squared Ascend I's Cash-to-Debt

For the Shell Companies subindustry, G Squared Ascend I'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.

G Squared Ascend I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where G Squared Ascend I's Cash-to-Debt falls into.

G Squared Ascend I 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.

G Squared Ascend I's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

G Squared Ascend I had no debt ⁽¹⁾.

G Squared Ascend I's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

G Squared Ascend I had no debt ⁽¹⁾.

G Squared Ascend I (NYSE:GSQD.U) 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.

G Squared Ascend I Cash-to-Debt Related Terms

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

G Squared Ascend I (G Squared Ascend I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » G Squared Ascend I Inc (NYSE:GSQD.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 N Michigan Avenue, Suite 3770, Chicago, IL, USA, 60601

Website

https://www.gsquaredascend.com

G Squared Ascend I Inc is a blank check company.

Executives

Lauri M Shanahan	director	C/O THE GAP, INC., TWO FOLSOM STREET, SAN FRANCISCO CA 94105-1205
Thomas R Evans	director	11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Larry Lee Aschebrook	director, 10 percent owner, officer: Chairman of the Board	205 N. MICHIGAN AVE., SUITE 3770, CHICAGO IL 60601
G Squared Ascend Management I Llc	10 percent owner	205 N MICHIGAN AVENUE, SUITE 3770, CHICAGO IL 60601
Thomas Hoban	10 percent owner, officer: Chief Financial Officer	C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N. MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Edward Iii Davis	director, 10 percent owner, officer: Chief Executive Officer	C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Heather L. Hasson	director	C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601