Peridot Acquisition II (Peridot Acquisition II) Cash-to-Debt : 0.23 (As of Sep. 2022)

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What is Peridot 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. Peridot Acquisition II's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.23.

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, Peridot Acquisition II couldn't 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 Peridot Acquisition II's Cash-to-Debt or its related term are showing as below:

PDOT.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: No Debt Max: No Debt
Current: 0.23

During the past 1 years, Peridot Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was No Debt.

PDOT.U's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.82 vs PDOT.U: 0.23

Peridot Acquisition II Cash-to-Debt Historical Data

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

Peridot Acquisition II Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

Peridot Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	0.41	0.23

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

For the Shell Companies subindustry, Peridot 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.

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

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

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

Peridot 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.

Peridot Acquisition II's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Peridot Acquisition II had no debt ⁽¹⁾.

Peridot Acquisition II's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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)
	=	0.052	/	(0.225	+	0)
	=	0.23

Peridot Acquisition II (NYSE:PDOT.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.

Peridot Acquisition II Cash-to-Debt Related Terms

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

Peridot Acquisition II (Peridot Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Peridot Acquisition Corp II (NYSE:PDOT.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2229 San Felipe Street, Suite 1450, Houston, TX, USA, 77019

Website

https://www.peridotspac.com

Peridot Acquisition Corp II is a blank check company.

Executives

Scott M Prochazka	director	1111 LOUISIANA, HOUSTON TX 77002
Tomas Ackerman	director, 10 percent owner	2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Daniel Goodman	10 percent owner	2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Alan B Levande	director	1155 PARK AVENUE, NEW YORK NY 10128
Carnelian Energy Capital Iii, L.p.	10 percent owner	2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Preston Powell	director, officer: Chief Executive Officer	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
June Yearwood	director	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Carnelian Energy Capital Holdings, Llc	10 percent owner	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Carnelian Energy Capital Gp Iii, L.p.	10 percent owner	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Cec Aventurine Holdings, Llc	10 percent owner	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Peridot Acquisition Sponsor Ii, Llc	10 percent owner	2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Stephen Wedemeyer	officer: Chief Financial Officer	C/O PERIDOT ACQUISITION, 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019

Peridot Acquisition II (Peridot Acquisition II) Headlines

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