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IGTA (Inception Growth Acquisition) Cash Ratio : 0.00 (As of Sep. 2024)


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What is Inception Growth 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. Inception Growth Acquisition's Cash Ratio for the quarter that ended in Sep. 2024 was 0.00.

Inception Growth Acquisition 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 Inception Growth Acquisition's Cash Ratio or its related term are showing as below:

During the past 3 years, Inception Growth Acquisition's highest Cash Ratio was 6.13. The lowest was 0.01. And the median was 0.70.

IGTA's Cash Ratio is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.38
* Ranked among companies with meaningful Cash Ratio only.

Inception Growth Acquisition Cash Ratio Historical Data

The historical data trend for Inception Growth 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.

* Premium members only.

Inception Growth Acquisition Cash Ratio Chart

Inception Growth Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash Ratio
2.81 1.14 0.03

Inception Growth Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.03 0.02 0.02 -

Competitive Comparison of Inception Growth Acquisition's Cash Ratio

For the Shell Companies subindustry, Inception Growth 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.


Inception Growth Acquisition's Cash Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Inception Growth Acquisition's Cash Ratio falls into.



Inception Growth 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.

Inception Growth Acquisition's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.06/2.046
=0.03

Inception Growth Acquisition's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.011/3.63
=0.00

* 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.


Inception Growth Acquisition  (NAS:IGTA) 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.


Inception Growth Acquisition Cash Ratio Related Terms

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Inception Growth Acquisition Business Description

Traded in Other Exchanges
N/A
Address
875 Washington Street, New York, NY, USA, 10014
Inception Growth Acquisition Ltd is a blank check company.
Executives
Soul Venture Partners Llc 10 percent owner 875 WASHINGTON STREET, NEW YORK NY 10014
Yan Yannie Xu director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Michael Lawrence Coyne director 10/F TOWER A, BILLION CENTRE, 1 WANG KWONG ROAD, KOWLOON BAY K3 999077
Cheuk Hang Chow director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Yun Pun Wong director, officer: CFO UNIT B, 11F, ON HING BUILDING, 1-9 ON HING TERRACE, CENTRAL HONG KONG F4 00000
Matthew Hong director 8 NEWBURY STREET, BOSTON MA 02116
Paige Edward Craig director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Suen Man Tak Stephen director 875 WASHINGTON STREET, NEW YORK NY 10014
Albert Chang director 875 WASHINGTON STREET, NEW YORK NY 10014

Inception Growth Acquisition Headlines

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