Jack Creek Investment (Jack Creek Investment) Cash Ratio : 0.01 (As of Sep. 2022)

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What is Jack Creek Investment 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. Jack Creek Investment's Cash Ratio for the quarter that ended in Sep. 2022 was 0.01.

Jack Creek Investment has a Cash Ratio of 0.01. 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 Jack Creek Investment's Cash Ratio or its related term are showing as below:

JCIC's Cash Ratio is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.2
* Ranked among companies with meaningful Cash Ratio only.

Jack Creek Investment Cash Ratio Historical Data

The historical data trend for Jack Creek Investment'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.

Jack Creek Investment Cash Ratio Chart

Jack Creek Investment Annual Data

Trend

Dec20

Dec21

Cash Ratio

0.12

Jack Creek Investment Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash Ratio	Get a 7-Day Free Trial			0.33	0.12	0.26	0.03	0.01

Competitive Comparison of Jack Creek Investment's Cash Ratio

For the Shell Companies subindustry, Jack Creek Investment'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.

Jack Creek Investment's Cash Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Jack Creek Investment's Cash Ratio falls into.

Jack Creek Investment Cash Ratio Calculation

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

Jack Creek Investment'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
	=	0.09	/	0.755
	=	0.12

Jack Creek Investment's Cash Ratio for the quarter that ended in Sep. 2022 is calculated as:

Cash Ratio (Q: Sep. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.052	/	6.035
	=	0.01

Jack Creek Investment (NAS:JCIC) 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.

Jack Creek Investment Cash Ratio Related Terms

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Jack Creek Investment (Jack Creek Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jack Creek Investment Corp (NAS:JCIC) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

386 Park Avenue South, Floor 20, New York, NY, USA, 10016

Website

Jack Creek Investment Corp is a blank check company.

Executives

Richard A Noll	director	1000 EAST HANES MILL ROAD, C/O HANESBRANDS INC., WINSTON SALEM NC 27105
Samir Kaul	director	C/O KHOSLA VENTURES, 2128 SAND HILL ROAD, MENLO PARK CA 94025
Jeffrey E Kelter	director	C/O JACK CREEK INVESTMENT CORP., 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Savage Robert F Jr	officer: Chief Executive Officer
James H Clark	officer: Chief Technology Officer	C/O MYCFO INC, PO BOX 10196, PALO ALTO CA 94303
Jcic Sponsor Llc	director, 10 percent owner, officer: See Remarks	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Lauren D Ores	officer: Chief Financial Officer	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Heather Hartnett	director	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Thomas Jermoluk	director	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Ksh Capital Lp	other: Manager	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016