Gores Guggenheim (Gores Guggenheim) Cash Ratio : 0.00 (As of Mar. 2022)

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What is Gores Guggenheim 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. Gores Guggenheim's Cash Ratio for the quarter that ended in Mar. 2022 was 0.00.

Gores Guggenheim has a Cash Ratio of 0.00. 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 Gores Guggenheim's Cash Ratio or its related term are showing as below:

GGPI's Cash Ratio is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.87
* Ranked among companies with meaningful Cash Ratio only.

Gores Guggenheim Cash Ratio Historical Data

The historical data trend for Gores Guggenheim'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.

* Premium members only.

Gores Guggenheim Cash Ratio Chart

Gores Guggenheim Annual Data

Trend

Dec20

Dec21

Cash Ratio

Gores Guggenheim Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22
Cash Ratio	0.58	0.03	0.01	-	-

Competitive Comparison of Gores Guggenheim's Cash Ratio

For the Shell Companies subindustry, Gores Guggenheim'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.

Gores Guggenheim's Cash Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Gores Guggenheim's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Gores Guggenheim's Cash Ratio falls into.

Gores Guggenheim Cash Ratio Calculation

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

Gores Guggenheim's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash Ratio (A: Dec. 2021 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.303	/	104.929
	=	0.00

Gores Guggenheim's Cash Ratio for the quarter that ended in Mar. 2022 is calculated as:

Cash Ratio (Q: Mar. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.35	/	89.65
	=	0.00

Gores Guggenheim (NAS:GGPI) 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.

Gores Guggenheim Cash Ratio Related Terms

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Gores Guggenheim (Gores Guggenheim) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Guggenheim Inc (NAS:GGPI) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

Gores Guggenheim Inc is a blank check company.

Executives

Andrew Rosenfield	director, 10 percent owner	227 W. MONROE STREET, 49TH FLOOR, CHICAGO IL 60606
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Guggenheim Sponsor Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301
Ggp Sponsor Holdings, Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301
Gg Sponsor, Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301