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Ascendant Digital Acquisition III (NYSE:ACDI) Cash Ratio

: 1.35 (As of Sep. 2022)
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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. Ascendant Digital Acquisition III's Cash Ratio for the quarter that ended in Sep. 2022 was 1.35.

Ascendant Digital Acquisition III has a Cash Ratio of 1.35. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Ascendant Digital Acquisition III's Cash Ratio or its related term are showing as below:

ACDI' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.98   Max: 2.85
Current: 1.35

During the past 1 years, Ascendant Digital Acquisition III's highest Cash Ratio was 2.85. The lowest was 0.02. And the median was 1.98.

ACDI's Cash Ratio is ranked better than
66.51% of 875 companies
in the Diversified Financial Services industry
Industry Median: 0.49 vs ACDI: 1.35

Ascendant Digital Acquisition III (NYSE:ACDI) Cash Ratio Historical Data

The historical data trend for Ascendant Digital 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.

* Premium members only.

Ascendant Digital Acquisition III Annual Data
Trend Dec21
Cash Ratio 5.01

Ascendant Digital Acquisition III Quarterly Data
Feb21 Jun21 Sep21 Mar22 Jun22 Sep22
Cash Ratio Premium Member Only - 0.02 2.85 2.61 1.35

Ascendant Digital Acquisition III (NYSE:ACDI) Cash Ratio Competitive Comparison

For the Shell Companies subindustry, Ascendant Digital 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.

   

Ascendant Digital Acquisition III (NYSE:ACDI) Cash Ratio Distribution

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

* The bar in red indicates where Ascendant Digital Acquisition III's Cash Ratio falls into.



Ascendant Digital Acquisition III Cash Ratio Calculation

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

Ascendant Digital Acquisition III'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
=0.831/0.166
=5.01

Ascendant Digital Acquisition III'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
=0.456/0.337
=1.35

* 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.


Ascendant Digital Acquisition III  (NYSE:ACDI) 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.


Ascendant Digital Acquisition III Cash Ratio Related Terms

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Ascendant Digital Acquisition III (NYSE:ACDI) Business Description

Ascendant Digital Acquisition III logo
Traded in Other Exchanges
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
Website
Ascendant Digital Acquisition Corp III is a blank check company.
Executives
Jesselson Michael G director 1301 AVENUE OF THE AMERICAS SUITE 4101 NEW YORK NY 10019
Foresman Robert director C/O GLOBAL CONSUMER ACQUISITION CORP 1370 AVENUE OF THE AMERICAS, 28TH FLOOR NEW YORK NY 10019
Hodgson Riaan director, officer: Chief Operating Officer C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Gerhard Mark director, officer: Chief Executive Officer 667 MADISON AVENUE, 5TH FLOOR C/O ASCENDANT DIGITAL ACQUISITION CORP. NEW YORK NY 10065
Gomberg David director, 10 percent owner, officer: President C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Rosen Mickie director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Nelson Diane director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Ascendant Sponsor Lp Iii director, 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065
Ascendant Sponsor Gp Iii Llc 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065

Ascendant Digital Acquisition III (NYSE:ACDI) Headlines

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