Helix Acquisition II (Helix Acquisition II) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Helix Acquisition II 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. Helix Acquisition II's cash to debt ratio for the quarter that ended in Mar. 2024 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, Helix Acquisition II could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Helix Acquisition II's Cash-to-Debt or its related term are showing as below:

HLXB' s Cash-to-Debt Range Over the Past 10 Years
Min: 26.34 Med: No Debt Max: No Debt
Current: 26.34

During the past 3 years, Helix Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 26.34. And the median was No Debt.

HLXB's Cash-to-Debt is ranked better than
60.76% of 525 companies
in the Diversified Financial Services industry
Industry Median: 5.39 vs HLXB: 26.34

Helix Acquisition II Cash-to-Debt Historical Data

The historical data trend for Helix Acquisition II'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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Helix Acquisition II Cash-to-Debt Chart

Helix Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

Helix Acquisition II Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			-	N/A	-	-	No Debt

Competitive Comparison of Helix Acquisition II's Cash-to-Debt

For the Shell Companies subindustry, Helix Acquisition II'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.

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

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

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

Helix Acquisition II 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.

Helix Acquisition II'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	/	(0.07	+	0)
	=	0.00

Helix Acquisition II's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Helix Acquisition II had no debt ⁽¹⁾.

Helix Acquisition II (NAS:HLXB) 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.

Helix Acquisition II Cash-to-Debt Related Terms

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Helix Acquisition II (Helix Acquisition II) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cormorant Asset Management, LP, 200 Clarendon Street, 52nd Floor, Boston, MA, USA, 02116

Website

Helix Acquisition Corp II is a Blank check company.

Helix Acquisition II (Helix Acquisition II) Headlines

From GuruFocus

Helix Acquisition Corp. II Announces Pricing of Upsized $160 Million Initial Public Offering

By Business Wire • 02-12-2024

Helix Acquisition II (Helix Acquisition II) Cash-to-Debt : No Debt (1) (As of Mar. 2024)