Vector Acquisition II (Vector Acquisition II) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Vector 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. Vector Acquisition II's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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, Vector Acquisition II couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

VAQC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.58 Max: No Debt
Current: 0.11

During the past 2 years, Vector Acquisition II's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 0.58.

VAQC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.64 vs VAQC: 0.11

Vector Acquisition II Cash-to-Debt Historical Data

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

Vector Acquisition II Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.36

Vector Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						0.46	0.36	0.13	0.15	0.11

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

For the Shell Companies subindustry, Vector 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.

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

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

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

Vector 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.

Vector Acquisition II's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.108	/	(0.3	+	0)
	=	0.36

Vector Acquisition II's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.091	/	(0.8	+	0)
	=	0.11

Vector Acquisition II (NAS:VAQC) 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.

Vector Acquisition II Cash-to-Debt Related Terms

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Vector Acquisition II (Vector Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vector Acquisition Corp II (NAS:VAQC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA, USA, 94105

Website

https://www.vectorcapital.com

Vector Acquisition Corp II is a blank check company.

Executives

Patrick Nichols	director	C/O VECTOR ACQUISITION PARTNERS, L.P., ONE MARKET STREET, 23RD FLOOR, SAN FRANCISCO CA 94105
Vector Capital Partners V, Ltd	10 percent owner	ONE MARKET STREET, 23RD FL., STEUART TOWER, SAN FRANCISCO CA 94105
Alexander R Slusky	director, officer: Chairman and CEO	456 MONTGOMERY STREET, 19TH FLOOR, SAN FRANCISCO CA 94104
David P Kennedy	director	ONE EMBARCADERO CENTER, SUITE 1900, SAN FRANCISCO CA 94111
David A Baylor	officer: Chief Financial Officer	C/O THOMAS WEISEL PARTNERS GROUP, INC., ONE MONTGOMERY STREET, SUITE 3700, SAN FRANCISCO CA 94104
John Herr	director	C/O VECTOR ACQUISITION PARTNERS, L.P., ONE MARKET STREET, 23RD FLOOR, SAN FRANCISCO CA 94105
David Fishman	officer: President	C/O VECTOR ACQUISITION PARTNERS, L.P., ONE MARKET STREET, 23RD FLOOR, SAN FRANCISCO CA 94105
Vector Acquisition Partners Ii, L.p.	10 percent owner	C/O VECTOR ACQUISITION PARTNERS, ONE MARKET STREET, 23RD FLOOR, SAN FRANCISCO CA 94105

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