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GO Acquisition Current Ratio

: 0.07 (As of Mar. 2022)
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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. GO Acquisition's current ratio for the quarter that ended in Mar. 2022 was 0.07.

GO Acquisition has a current ratio of 0.07. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If GO 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 GO Acquisition's Current Ratio or its related term are showing as below:

GOAC' s Current Ratio Range Over the Past 10 Years
Min: 0.07   Med: 1.46   Max: 4.04
Current: 0.07

During the past 2 years, GO Acquisition's highest Current Ratio was 4.04. The lowest was 0.07. And the median was 1.46.

GOAC's Current Ratio is ranked worse than
90.41% of 834 companies
in the Diversified Financial Services industry
Industry Median: 1.20 vs GOAC: 0.07

GO Acquisition Current Ratio Historical Data

The historical data trend for GO 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.

GO Acquisition Annual Data
Trend Dec20 Dec21
Current Ratio
3.26 0.08

GO Acquisition Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Current Ratio Premium Member Only Premium Member Only Premium Member Only 2.53 2.45 0.32 0.08 0.07

Competitive Comparison

For the Shell Companies subindustry, GO 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.

   

GO Acquisition Current Ratio Distribution

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

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



GO 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.

GO Acquisition's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=0.192/2.404
=0.08

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

Current Ratio (Q: Mar. 2022 )=Total Current Assets (Q: Mar. 2022 )/Total Current Liabilities (Q: Mar. 2022 )
=0.185/2.821
=0.07

* 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.


GO Acquisition  (NYSE:GOAC) 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.


GO Acquisition Current Ratio Related Terms

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GO Acquisition Business Description

GO Acquisition logo
Traded in Other Exchanges
Address
450 West 14th Street, 15th Floor, New York, NY, USA, 10014
GO Acquisition Corp is a blank check company.
Executives
Ohara Michael Gregory director, 10 percent owner, officer: Co-Chief Executive Officer C/O CERTARES MANAGEMENT LLC 350 MADISON AVENUE, 8TH FLOOR NEW YORK NY 10017
San Miguel Alejandro R. officer: Vice President and Secretary C/O GLG PARTNERS LP 1 CURZON STREET LONDON X0 W1J 5HB
Gottesman Noam director, 10 percent owner, officer: Co-Chief Executive Officer C/O TOMS CAPITAL LLC 450 WEST 14TH STREET, 13TH FLOOR NEW YORK NY 10014
Corio Norma director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Weltsch Guy officer: President and CFO C/O GO ACQUISITION CORP. 460 W 14TH ST NEW YORK NY 10014
Go Acquisition Founder Llc 10 percent owner 450 W 14TH STREET NEW YORK NY 10014
Marsden Spencer officer: Vice President C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Isaacs Jeremy Michael director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
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