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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Atlantic Coastal Acquisition's Cash Ratio for the quarter that ended in Mar. 2023 was 0.14.
Atlantic Coastal Acquisition has a Cash Ratio of 0.14. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Atlantic Coastal Acquisition's Cash Ratio or its related term are showing as below:
During the past 3 years, Atlantic Coastal Acquisition's highest Cash Ratio was 1.31. The lowest was 0.01. And the median was 0.16.
The historical data trend for Atlantic Coastal Acquisition's Cash Ratio 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.
Atlantic Coastal Acquisition Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Cash Ratio | - | 0.03 | 0.18 |
Atlantic Coastal Acquisition Quarterly Data | ||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Cash Ratio | Get a 7-Day Free Trial |
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- | 0.01 | 0.19 | 0.18 | 0.14 |
For the Shell Companies subindustry, Atlantic Coastal Acquisition's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
For the Diversified Financial Services industry and Financial Services sector, Atlantic Coastal Acquisition's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Atlantic Coastal Acquisition's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Atlantic Coastal Acquisition's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:
Cash Ratio (A: Dec. 2022 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 1.252 | / | 6.905 | |
= | 0.18 |
Atlantic Coastal Acquisition's Cash Ratio for the quarter that ended in Mar. 2023 is calculated as:
Cash Ratio (Q: Mar. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 1.49 | / | 10.28 | |
= | 0.14 |
* 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.
Atlantic Coastal Acquisition (NAS:ACAHU) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Atlantic Coastal Acquisition's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dr. Chandra Panchal | director | 303 RUE BAFFIN, DOLLARD DES ORMEAUX (DDO), QUEBEC A8 H9A 3G4 |
Anthony Porcheron | officer: Chief Executive Officer | EUROPEAN HEALTH TECHNOLOGY SPONSOR LLC, 401 DAWSON HOUSE, JEWRY STREET, LONDON X0 EC3N 2EX |
Khash Erdene Gantumur | officer: Chief Financial Officer | 277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014 |
Tseren Purev | director | 277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014 |
Jason Chryssicas | officer: Chief Financial Officer | 9 UPLAND LANE, ARMONK NY 10504 |
Burt Jordan | director, officer: President | 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323 |
Daniel M. Tapiero | director | 37 ROCK RIDGE AVE, GREENWICH CT 06831 |
Ronald C. Warrington | officer: CFO and Secretary | 308 LOCUST STREET, SAN FRANCISCO CA 94118 |
Ned Sizer | officer: Chief Operating Officer | 330 3RD AVENUE, SAN FRANCISCO CA 94118 |
Shahraab Ahmad | director, 10 percent owner, officer: Chairman and CEO | 49 CATHCART ROAD, LONDON X0 SW10 9JE |
Joanna Lord | director | 215 6TH STREET SOUTH, KIRKLAND WA 98033 |
Anthony D. Eisenberg | director, officer: Chief Strategy Officer | 700 LONE PINE, BLOOMFIELD HILLS MI 48304 |
Bryan Dove | director | 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013 |
Iqbaljit Kahlon | director | 2144 GREEN STREET #12, SAN FRANCISCO CA 94123 |
Atlantic Coastal Acquisition Management Llc | 10 percent owner | 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013 |
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