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Jaws Spitfire Acquisition (Jaws Spitfire Acquisition) Cash-to-Debt : 6.22 (As of Dec. 2020)


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What is Jaws Spitfire 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. Jaws Spitfire Acquisition's cash to debt ratio for the quarter that ended in Dec. 2020 was 6.22.

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, Jaws Spitfire Acquisition could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

SPFR.WS's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.45
* Ranked among companies with meaningful Cash-to-Debt only.

Jaws Spitfire Acquisition Cash-to-Debt Historical Data

The historical data trend for Jaws Spitfire 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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Jaws Spitfire Acquisition Cash-to-Debt Chart

Jaws Spitfire Acquisition Annual Data
Trend Dec20
Cash-to-Debt
6.22

Jaws Spitfire Acquisition Semi-Annual Data
Aug20 Dec20
Cash-to-Debt - 6.22

Competitive Comparison of Jaws Spitfire Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Jaws Spitfire 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.

Jaws Spitfire Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


Jaws Spitfire 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.

Jaws Spitfire Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
=1.668 / (0.268 + 0)
=6.22

Jaws Spitfire Acquisition's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
=1.668 / (0.268 + 0)
=6.22

* 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.

Jaws Spitfire Acquisition  (NYSE:SPFR.WS) 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.

Jaws Spitfire Acquisition Cash-to-Debt Related Terms

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Jaws Spitfire Acquisition (Jaws Spitfire Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jaws Spitfire Acquisition Corp (NYSE:SPFR.WS) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
1601 Washington Avenue, Suite 800, Miami Beach, FL, USA, 33139
Website
Jaws Spitfire Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.