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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. Omega Alpha SPAC's current ratio for the quarter that ended in Sep. 2022 was 6.30.
Omega Alpha SPAC has a current ratio of 6.30. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Omega Alpha SPAC's Current Ratio or its related term are showing as below:
The historical data trend for Omega Alpha SPAC'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.
Omega Alpha SPAC Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Current Ratio | - | 16.60 |
Omega Alpha SPAC Quarterly Data | ||||||||
Oct20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Current Ratio | Get a 7-Day Free Trial | 10.64 | 16.60 | 6.94 | 54.00 | 6.30 |
For the Shell Companies subindustry, Omega Alpha SPAC'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.
For the Diversified Financial Services industry and Financial Services sector, Omega Alpha SPAC's Current Ratio distribution charts can be found below:
* The bar in red indicates where Omega Alpha SPAC's Current Ratio falls into.
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.
Omega Alpha SPAC'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 ) |
= | 0.913 | / | 0.055 | |
= | 16.60 |
Omega Alpha SPAC'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 ) |
= | 0.271 | / | 0.043 | |
= | 6.30 |
* 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.
Omega Alpha SPAC (NAS:OMEG) 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.
Thank you for viewing the detailed overview of Omega Alpha SPAC's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Otello Stampacchia | director, 10 percent owner, officer: Chief Executive Officer | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
Alpha Management Omega | 10 percent owner | 888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02119 |
Joseph P Slattery | director | C/O TRANSENTERIX, INC., 635 DAVIS DRIVE, SUITE 300, MORRISVILLE NC 27560 |
Martin Babler | director | C/O INFINITY PHARMACEUTICALS, INC., 780 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Daniel Lynch | director | |
Vincent Ossipow | officer: Chief Scientific Officer | CH. DES VIGNES 1, COMMUGNY V8 1291 |
Van De Winkel Jan | director | C/O HOOKIPA PHARMA INC., 430 EAST 29TH STREET 14TH FLOOR, NEW YORK NY 10016 |
Omega Fund Vi, L.p. | 10 percent owner | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
Omega Fund Vi Gp Manager, Ltd. | 10 percent owner | 888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199 |
Omega Fund Vi Gp, L.p. | 10 percent owner | 888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199 |
Michelle Doig | director, officer: President | C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET SUITE 1111, BOSTON MA 02199 |
Francesco Draetta | officer: Chief Financial Officer | C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET SUITE 1111, BOSTON MA 02199 |
Alexandra Pearsall | 10 percent owner | C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199 |
From GuruFocus
By Business Wire Business Wire • 01-07-2021
By GuruFocus Research GuruFocus Editor • 01-14-2021
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