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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. UTA Acquisition's current ratio for the quarter that ended in Jun. 2023 was 26.22.
UTA Acquisition has a current ratio of 26.22. 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 UTA Acquisition's Current Ratio or its related term are showing as below:
UTAWF'
s Current Ratio Range Over the Past 10 Years
Min: 0.19 Med: 14.52 Max: 27.14
Current: 26.22
During the past 2 years, UTA Acquisition's highest Current Ratio was 27.14. The lowest was 0.19. And the median was 14.52.
UTAWF's Current Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.65
vs UTAWF: 26.22
UTA Acquisition (OTCPK:UTAWF) 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.
UTA Acquisition Current Ratio Related Terms
UTA Acquisition Current Ratio Historical Data
* Premium members only.
The historical data trend for UTA 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.
UTAWF vs BPAC, FLAG, CBRG: Current Ratio Comparison
For the Shell Companies subindustry, UTA 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.
UTA Acquisition Current Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, UTA Acquisition's Current Ratio distribution charts can be found below:
* The bar in red indicates where UTA Acquisition's Current Ratio falls into.
* 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.
UTA Acquisition (UTAWF) has a Current Ratio of 26.22 as of Jun. 2023. This is 81% above median its historical median of 14.52. Over the past decade, UTA Acquisition's Current Ratio has ranged from 0.19 to 27.14.
Is UTA Acquisition's Current Ratio too high?
UTA Acquisition's current Current Ratio of 26.22 is 81% above median its 10-year median of 14.52. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 27.14. The Diversified Financial Services industry median Current Ratio is 2.65. UTA Acquisition's value of 26.22 is 889.4% above this industry median. Overall, UTA Acquisition has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does UTA Acquisition's Current Ratio compare to BPAC and FLAG?
UTA Acquisition's Current Ratio of 26.22 can be compared against companies in the Diversified Financial Services industry. The industry median Current Ratio is 2.65. UTA Acquisition's value of 26.22 is 889.4% above this benchmark. Historically, UTA Acquisition's own Current Ratio has ranged from 0.19 to 27.14 over the past decade. While the company's 10-year median is 14.52 vs. the industry median of 2.65, UTA Acquisition has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Diversified Financial Services company?
The median Current Ratio among Diversified Financial Services companies is 2.65, based on 465 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. UTA Acquisition's current Current Ratio of 26.22 is 889.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Diversified Financial Services industry, the median Current Ratio is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UTA Acquisition's current Current Ratio is 26.22, which is 81% above median its own 10-year median of 14.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UTA Acquisition stock overvalued right now?
UTA Acquisition (UTAWF) has a current Current Ratio of 26.22. The current Current Ratio is 26.22, which is 81% above median its 10-year median of 14.52 and 889.4% above the Diversified Financial Services industry median of 2.65. UTA Acquisition's overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For UTA Acquisition (UTAWF), the current Current Ratio is 26.22 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
UTA Acquisition Corp is a newly incorporated 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.
19GF Score
Get the complete analysis for UTAWF
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