Spirit Blockchain Capital (XCNQ:SPIR) Current Ratio

: 2.25 (As of Sep. 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. Spirit Blockchain Capital's current ratio for the quarter that ended in Sep. 2022 was 2.25.

Spirit Blockchain Capital has a current ratio of 2.25. It generally indicates good short-term financial strength.

The historical rank and industry rank for Spirit Blockchain Capital's Current Ratio or its related term are showing as below:

XCNQ:SPIR' s Current Ratio Range Over the Past 10 Years
Min: 2.25 Med: 2.64 Max: 3.02
Current: 2.25

During the past 0 years, Spirit Blockchain Capital's highest Current Ratio was 3.02. The lowest was 2.25. And the median was 2.64.

XCNQ:SPIR's Current Ratio is ranked worse than
51.01% of 641 companies
in the Capital Markets industry
Industry Median: 2.29 vs XCNQ:SPIR: 2.25

Spirit Blockchain Capital Current Ratio Historical Data

The historical data trend for Spirit Blockchain Capital'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.

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Spirit Blockchain Capital Annual Data

Trend

Current Ratio

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Jun22	Sep22
Current Ratio	-	-	3.02	2.25

Competitive Comparison

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Annual Data Quarterly Data

Spirit Blockchain Capital Current Ratio Distribution

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's Current Ratio distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.

Spirit Blockchain Capital 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.

Spirit Blockchain Capital's Current Ratio for the fiscal year that ended in . 20 is calculated as

Current Ratio (A: . 20 )	=	Total Current Assets (A: . 20 )	/	Total Current Liabilities (A: . 20 )
	=		/
	=

Spirit Blockchain Capital'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 )
	=	1.117	/	0.497
	=	2.25

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital Current Ratio Related Terms

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Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.