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NAACU (North Atlantic Acquisition) Current Ratio : 0.27 (As of Sep. 2022)


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What is North Atlantic 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. North Atlantic Acquisition's current ratio for the quarter that ended in Sep. 2022 was 0.27.

North Atlantic Acquisition has a current ratio of 0.27. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If North Atlantic 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 North Atlantic Acquisition's Current Ratio or its related term are showing as below:

NAACU' s Current Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1   Max: 29.73
Current: 0.27

During the past 2 years, North Atlantic Acquisition's highest Current Ratio was 29.73. The lowest was 0.27. And the median was 1.00.

NAACU's Current Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.78 vs NAACU: 0.27

North Atlantic Acquisition Current Ratio Historical Data

The historical data trend for North Atlantic 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.

North Atlantic Acquisition Current Ratio Chart

North Atlantic Acquisition Annual Data
Trend Dec20 Dec21
Current Ratio
1.06 1.00

North Atlantic Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Current Ratio Get a 7-Day Free Trial 1.04 1.00 0.65 0.41 0.27

Competitive Comparison of North Atlantic Acquisition's Current Ratio

For the Shell Companies subindustry, North Atlantic 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.


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

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

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



North Atlantic 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.

North Atlantic 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 )
=1.966/1.96
=1.00

North Atlantic 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 )
=0.558/2.046
=0.27

* 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.


North Atlantic Acquisition  (NAS:NAACU) 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.


North Atlantic Acquisition Current Ratio Related Terms

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North Atlantic Acquisition Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, c/o Ellenoff Grossman & Schole LLP, New York, NY, USA, 10105
North Atlantic Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Tamara Sakovska director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Andrew Morgan director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark Keating officer: Chief Financial Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gary Quin director, officer: Chief Executive Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Dimitri Panayotopoulos director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Patrick Joseph Dolan director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naac Sponsor Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

North Atlantic Acquisition Headlines

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