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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. FinTech Acquisition III's Cash Ratio for the quarter that ended in Sep. 2020 was 0.04.
FinTech Acquisition III has a Cash Ratio of 0.04. 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 FinTech Acquisition III's Cash Ratio or its related term are showing as below:
The historical data trend for FinTech Acquisition III'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.
FinTech Acquisition III Annual Data | |||||||
Trend | Dec17 | Dec18 | Dec19 | ||||
Cash Ratio | - | 7.85 | 1.86 |
FinTech Acquisition III Quarterly Data | |||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Cash Ratio | Get a 7-Day Free Trial | 4.52 | 1.86 | 0.50 | 0.18 | 0.04 |
For the Shell Companies subindustry, FinTech Acquisition III'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, FinTech Acquisition III's Cash Ratio distribution charts can be found below:
* The bar in red indicates where FinTech Acquisition III'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.
FinTech Acquisition III's Cash Ratio for the fiscal year that ended in Dec. 2019 is calculated as:
Cash Ratio (A: Dec. 2019 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 0.451 | / | 0.242 | |
= | 1.86 |
FinTech Acquisition III's Cash Ratio for the quarter that ended in Sep. 2020 is calculated as:
Cash Ratio (Q: Sep. 2020 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 0.075 | / | 1.921 | |
= | 0.04 |
* 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.
FinTech Acquisition III (NAS:FTACU) 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 FinTech Acquisition III's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel G Cohen | 10 percent owner | 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019 |
Betsy Z Cohen | 10 percent owner | |
Cohen Sponsor Interests Iii, Llc | 10 percent owner | 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019 |
Fintech Masala Advisors, Llc | 10 percent owner | 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019 |
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Mcentee James J Iii | officer: President and CFO | 405 SILVERSIDE ROAD, WILMINGTON DE 19809 |
Mei Mei Tuan | director | C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809 |
Jan Hopkins Trachtman | director | 101 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2705 |
Fintech Investor Holdings Iii, Llc | 10 percent owner | 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104 |
Pawneet Abramowski | director | 2929 ARCH STREET SUITE 1703 PHILADELPHIA PA 19104 |
Brittain Ezzes | director | 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104 |
3fiii, Llc | 10 percent owner | 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019 |
Madelyn Antoncic | director | 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104 |
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