Aura Fat Projects Acquisition (Aura Fat Projects Acquisition) Cash Ratio : 0.06 (As of Feb. 2024)

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What is Aura Fat Projects Acquisition Cash Ratio?

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. Aura Fat Projects Acquisition's Cash Ratio for the quarter that ended in Feb. 2024 was 0.06.

Aura Fat Projects Acquisition has a Cash Ratio of 0.06. 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 Aura Fat Projects Acquisition's Cash Ratio or its related term are showing as below:

AFAR' s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.5 Max: 4.02
Current: 0.06

During the past 2 years, Aura Fat Projects Acquisition's highest Cash Ratio was 4.02. The lowest was 0.04. And the median was 0.50.

AFAR's Cash Ratio is ranked worse than
74.94% of 447 companies
in the Diversified Financial Services industry
Industry Median: 1.17 vs AFAR: 0.06

Aura Fat Projects Acquisition Cash Ratio Historical Data

The historical data trend for Aura Fat Projects 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.

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Aura Fat Projects Acquisition Cash Ratio Chart

Aura Fat Projects Acquisition Annual Data

Trend

Nov22

Nov23

Cash Ratio

2.91

0.12

Aura Fat Projects Acquisition Quarterly Data
	Dec21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash Ratio	Get a 7-Day Free Trial				0.87	0.05	0.04	0.12	0.06

Competitive Comparison of Aura Fat Projects Acquisition's Cash Ratio

For the Shell Companies subindustry, Aura Fat Projects 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.

Aura Fat Projects Acquisition's Cash Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Aura Fat Projects Acquisition's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Aura Fat Projects Acquisition's Cash Ratio falls into.

Aura Fat Projects Acquisition Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Aura Fat Projects Acquisition's Cash Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Cash Ratio (A: Nov. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.233	/	1.93
	=	0.12

Aura Fat Projects Acquisition's Cash Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash Ratio (Q: Feb. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.132	/	2.128
	=	0.06

Aura Fat Projects Acquisition (NAS:AFAR) 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.

Aura Fat Projects Acquisition Cash Ratio Related Terms

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Aura Fat Projects Acquisition (Aura Fat Projects Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aura Fat Projects Acquisition Corp (NAS:AFAR) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 09-00, 1 Phillip Street, Royal One Phillip, Singapore, SGP, 048692

Website

Aura Fat Projects Acquisition Corp formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.

Executives

Aura Fat Projects Capital Llc

10 percent owner

103 SOUTH CHURCH STREET, PO BOX 10240, GRAND CAYMAN E9 KY1-1002