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JWSUF (Jaws Mustang Acquisition) Cash Ratio : 0.01 (As of Jun. 2024)


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What is Jaws Mustang 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. Jaws Mustang Acquisition's Cash Ratio for the quarter that ended in Jun. 2024 was 0.01.

Jaws Mustang Acquisition 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 Jaws Mustang Acquisition's Cash Ratio or its related term are showing as below:

JWSUF' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 7.87
Current: 0.01

During the past 4 years, Jaws Mustang Acquisition's highest Cash Ratio was 7.87. The lowest was 0.01. And the median was 0.06.

JWSUF's Cash Ratio is ranked worse than
90.44% of 387 companies
in the Diversified Financial Services industry
Industry Median: 2.38 vs JWSUF: 0.01

Jaws Mustang Acquisition Cash Ratio Historical Data

The historical data trend for Jaws Mustang 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.

Jaws Mustang Acquisition Cash Ratio Chart

Jaws Mustang Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Ratio
- 1.73 0.03 0.04

Jaws Mustang Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only 0.01 0.06 0.04 0.05 0.01

Competitive Comparison of Jaws Mustang Acquisition's Cash Ratio

For the Shell Companies subindustry, Jaws Mustang 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.


Jaws Mustang Acquisition's Cash Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Jaws Mustang Acquisition's Cash Ratio falls into.



Jaws Mustang 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.

Jaws Mustang 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
=0.178/4.133
=0.04

Jaws Mustang Acquisition's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.03/4.703
=0.01

* 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.


Jaws Mustang Acquisition  (OTCPK:JWSUF) 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.


Jaws Mustang Acquisition Cash Ratio Related Terms

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Jaws Mustang Acquisition Business Description

Traded in Other Exchanges
Address
2340 Collins Avenue, Miami Beach, FL, USA, 33139
Website
Jaws Mustang Acquisition Corp is a blank check company. it is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business.
Executives
John J Legere director 1672 GALLEON DR., NAPLES FL 34102
Barry S Sternlicht director, 10 percent owner STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
David Helfand director C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606
Elizabeth C Fascitelli director C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Matthew Joseph Walters officer: Chief Operating Officer 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Mustang Sponsor Llc 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Andrew Klaber director, officer: Chief Executive Officer 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Michael Reidler officer: Chief Financial Officer 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139