Horizon Space Acquisition I (Horizon Space Acquisition I) Cash-to-Debt : 1.01 (As of Dec. 2023)

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What is Horizon Space Acquisition 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. Horizon Space Acquisition I's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.01.

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, Horizon Space Acquisition I could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HSPOU' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 5000.51 Max: No Debt
Current: 1.01

During the past 2 years, Horizon Space Acquisition I's highest Cash to Debt Ratio was No Debt. The lowest was 1.01. And the median was 5000.51.

HSPOU's Cash-to-Debt is ranked worse than
58.41% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs HSPOU: 1.01

Horizon Space Acquisition I Cash-to-Debt Historical Data

The historical data trend for Horizon Space Acquisition 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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Horizon Space Acquisition I Cash-to-Debt Chart

Horizon Space Acquisition I Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

No Debt

1.01

Horizon Space Acquisition I Semi-Annual Data
	Aug22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	4.13	1.01

Competitive Comparison of Horizon Space Acquisition I's Cash-to-Debt

For the Shell Companies subindustry, Horizon Space Acquisition 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.

Horizon Space Acquisition I's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Horizon Space Acquisition I's Cash-to-Debt falls into.

Horizon Space Acquisition 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.

Horizon Space Acquisition I'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)
	=	0.283	/	(0.28	+	0)
	=	1.01

Horizon Space Acquisition I's Cash to Debt Ratio for the quarter 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)
	=	0.283	/	(0.28	+	0)
	=	1.01

Horizon Space Acquisition I (NAS:HSPOU) 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.

Horizon Space Acquisition I Cash-to-Debt Related Terms

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Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HSPO:USA

Address

1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018

Website

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

From GuruFocus

Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023

Horizon Space Acquisition I Corp. Announces Closing of $69 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 12-28-2022