Aura Renewable Acquisitions (LSE:ARA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Aura Renewable Acquisitions 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. Aura Renewable Acquisitions's cash to debt ratio for the quarter that ended in Dec. 2023 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, Aura Renewable Acquisitions could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Aura Renewable Acquisitions's Cash-to-Debt or its related term are showing as below:

LSE:ARA' 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, Aura Renewable Acquisitions's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:ARA's Cash-to-Debt is ranked better than
99.81% of 525 companies
in the Diversified Financial Services industry
Industry Median: 5.39 vs LSE:ARA: No Debt

Aura Renewable Acquisitions Cash-to-Debt Historical Data

The historical data trend for Aura Renewable Acquisitions'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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Aura Renewable Acquisitions Cash-to-Debt Chart

Aura Renewable Acquisitions Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

No Debt

Aura Renewable Acquisitions Semi-Annual Data
	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of Aura Renewable Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, Aura Renewable Acquisitions'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.

Aura Renewable Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Aura Renewable Acquisitions 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.

Aura Renewable Acquisitions's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Aura Renewable Acquisitions had no debt ⁽¹⁾.

Aura Renewable Acquisitions's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Aura Renewable Acquisitions had no debt ⁽¹⁾.

Aura Renewable Acquisitions (LSE:ARA) 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.

Aura Renewable Acquisitions Cash-to-Debt Related Terms

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Aura Renewable Acquisitions (LSE:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aura Renewable Acquisitions PLC (LSE:ARA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Chancery Lane, London, GBR, WC2A 1LG

Website

https://www.aurarenewables.com

Aura Renewable Acquisitions PLC will pursue opportunities to acquire businesses in the renewable energy sector. The company intends to consider opportunities within the renewable energy sector focusing on businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower and green hydrogen supply chain ranging from raw materials resourcing to power generation, energy storage and recycling.