Murphy Canyon Acquisition (Murphy Canyon Acquisition) Cash-to-Debt : 0.37 (As of Jun. 2023)

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What is Murphy Canyon 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. Murphy Canyon Acquisition's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.37.

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, Murphy Canyon Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Murphy Canyon Acquisition's Cash-to-Debt or its related term are showing as below:

MURF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: No Debt Max: No Debt
Current: 0.37

During the past 2 years, Murphy Canyon Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was No Debt.

MURF's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.56 vs MURF: 0.37

Murphy Canyon Acquisition Cash-to-Debt Historical Data

The historical data trend for Murphy Canyon 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.

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Murphy Canyon Acquisition Cash-to-Debt Chart

Murphy Canyon Acquisition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.28

No Debt

Murphy Canyon Acquisition Quarterly Data
	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	0.30	0.37

Competitive Comparison of Murphy Canyon Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Murphy Canyon 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.

Murphy Canyon Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Murphy Canyon 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.

Murphy Canyon Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Murphy Canyon Acquisition had no debt ⁽¹⁾.

Murphy Canyon Acquisition's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.278	/	(0.75	+	0)
	=	0.37

Murphy Canyon Acquisition (NAS:MURF) 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.

Murphy Canyon Acquisition Cash-to-Debt Related Terms

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

Murphy Canyon Acquisition (Murphy Canyon Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Murphy Canyon Acquisition Corp (NAS:MURF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4995 Murphy Canyon Road, Suite 300, San Diego, CA, USA, 92123

Website

https://www.murphycanyonac.com

Murphy Canyon Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Knuettel Ii Francis	director	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Adam Sragovicz	director, officer: CFO and Treasurer	1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Jack Kendrick Heilbron	director, officer: CEO, President, and Chairman	16433 BRONCO LANE, POWAY CA 92064
Bentzen Edwin H Iv	officer: Chief Accounting Officer	2513 BIRCH HOLLOW ST, HENDERSON NV 89044
Chele Chiavacci Farley	director	4 RIDGE ROAD, TUXEDO PARK NY 10987
Richard Edward Feinberg	director	2855 FIFTH AVENUE, UNIT 405, SAN DIEGO CA 92103
Murphy Canyon Acquisition Sponsor, Llc	10 percent owner	4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123

Murphy Canyon Acquisition (Murphy Canyon Acquisition) Headlines

From GuruFocus

Murphy Canyon Acquisition Corp. Announces Closing of $132.25 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 02-07-2022

Murphy Canyon Acquisition Corp. Announces Pricing of $115 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 02-03-2022

Murphy Canyon Acquisition Corp. Announces Postponement of its Special Meeting of Stockholders for Approving its Initial Business Combination with Conduit

By ACCESSWIRE • 09-01-2023

Murphy Canyon Acquisition Corp. Announces Full Exercise of Underwriters' Over-Allotment Option in Public Offering

By ACCESSWIRE ACCESSWIRE • 02-04-2022

SEC Declares Form S-4 Registration Statement "Effective" for Proposed Business Combination of Murphy Canyon Acquisition Corp. with Conduit Pharmaceuticals Limited

By ACCESSWIRE • 08-16-2023

Murphy Canyon Acquisition Corp. Announces Stockholder Approval of the Proposed Combination with Conduit Pharmaceuticals Limited

By ACCESSWIRE • 09-21-2023

Murphy Canyon Acquisition Corp. Announces Postponement of Its Special Meeting of Stockholders for Approving Its Initial Business Combination With Conduit

By ACCESSWIRE • 09-08-2023

Conduit Pharmaceuticals to Become a Publicly Traded Company via Merger with Murphy Canyon Acquisition Corp.

By ACCESSWIRE ACCESSWIRE • 11-09-2022