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MDH Acquisition (MDH Acquisition) Current Ratio : 0.04 (As of Sep. 2022)


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What is MDH Acquisition Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. MDH Acquisition's current ratio for the quarter that ended in Sep. 2022 was 0.04.

MDH Acquisition has a current ratio of 0.04. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If MDH Acquisition has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for MDH Acquisition's Current Ratio or its related term are showing as below:

MDH's Current Ratio is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.14
* Ranked among companies with meaningful Current Ratio only.

MDH Acquisition Current Ratio Historical Data

The historical data trend for MDH Acquisition's Current 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.

MDH Acquisition Current Ratio Chart

MDH Acquisition Annual Data
Trend Dec20 Dec21
Current Ratio
0.13 0.07

MDH Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Current Ratio Get a 7-Day Free Trial Premium Member Only 0.08 0.07 0.05 0.05 0.04

Competitive Comparison of MDH Acquisition's Current Ratio

For the Shell Companies subindustry, MDH Acquisition's Current Ratio, along with its competitors' market caps and Current 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.


MDH Acquisition's Current Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where MDH Acquisition's Current Ratio falls into.



MDH Acquisition Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

MDH Acquisition's Current Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=0.205/3.12
=0.07

MDH Acquisition's Current Ratio for the quarter that ended in Sep. 2022 is calculated as

Current Ratio (Q: Sep. 2022 )=Total Current Assets (Q: Sep. 2022 )/Total Current Liabilities (Q: Sep. 2022 )
=0.14/3.989
=0.04

* 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.


MDH Acquisition  (NYSE:MDH) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


MDH Acquisition Current Ratio Related Terms

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MDH Acquisition (MDH Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
600 N. Carroll Avenue, Suite 100, Southlake, TX, USA, 76092
MDH 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
Franklin Mclarty director, 10 percent owner 297 WEST HENRI DE TONTI, TONTITOWN AR 72770
Brent Whittington officer: Chief Financial Officer 4001 RODNEY PARHAM ROAD, LITTLE ROCK AR 72212
Timothy M. Russi director 200 RENAISSANCE CENTER, MC 482-B09-C24, DETROIT MI 48265-2000
Michael E Maroone director 909 POINCIANA DRIVE, FORT LAUDERDALE FL 33301
Yavor Efremov director 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Blair Donald Dupree Jr. 10 percent owner, officer: Chief Executive Officer 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Darrin Williams director 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Mdih Sponsor Llc 10 percent owner 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Chad Estis director 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Jim Wilkinson director 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Mclarty Diversified Intermediate Holdings Llc 10 percent owner 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202

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