HCVI (Hennessy Capital Investment VI) Quick Ratio : 0.04 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Hennessy Capital Investment VI Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Hennessy Capital Investment VI's quick ratio for the quarter that ended in Dec. 2024 was 0.04.

Hennessy Capital Investment VI has a quick ratio of 0.04. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Hennessy Capital Investment VI's Quick Ratio or its related term are showing as below:

HCVI' s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.83 Max: 6.66
Current: 0.04

During the past 4 years, Hennessy Capital Investment VI's highest Quick Ratio was 6.66. The lowest was 0.04. And the median was 0.83.

HCVI's Quick Ratio is ranked worse than
84.71% of 412 companies
in the Diversified Financial Services industry
Industry Median: 2.125 vs HCVI: 0.04

Hennessy Capital Investment VI Quick Ratio Historical Data

The historical data trend for Hennessy Capital Investment VI's Quick 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.

Hennessy Capital Investment VI Quick Ratio Chart

Hennessy Capital Investment VI Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Quick Ratio

6.66

1.57

0.08

0.04

Hennessy Capital Investment VI Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Quick Ratio	Get a 7-Day Free Trial											0.08	0.01	0.09	0.56	0.04

Competitive Comparison of Hennessy Capital Investment VI's Quick Ratio

For the Shell Companies subindustry, Hennessy Capital Investment VI's Quick Ratio, along with its competitors' market caps and Quick 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.

Hennessy Capital Investment VI's Quick Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Hennessy Capital Investment VI's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hennessy Capital Investment VI's Quick Ratio falls into.

Save Embed

;

Save Embed

;

Hennessy Capital Investment VI Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Hennessy Capital Investment VI's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.904	-	0)	/	21.64
	=	0.04

Hennessy Capital Investment VI's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.904	-	0)	/	21.64
	=	0.04

Hennessy Capital Investment VI (NAS:HCVI) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

Hennessy Capital Investment VI Quick Ratio Related Terms

Thank you for viewing the detailed overview of Hennessy Capital Investment VI's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Hennessy Capital Investment VI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hennessy Capital Investment Corp VI (NAS:HCVI) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

195 US Highway 50, Suite 309, Zephyr Cove, NV, USA, 89448

Website

https://www.hennessycapllc.com

Hennessy Capital Investment Corp VI is a shell company.

Executives

Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Arena Capital Advisors, Llc- Ca	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund Lp - Series H	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, L.p.- Series G	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025-1164
Arena Short Duration High Yield Fund, Lp - Series D	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Vii, Llc	10 percent owner	12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp- Series E	10 percent owner	12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series C	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series B	10 percent owner	12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series A	10 percent owner	12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Richard H Fearon	director	1239 GERBING ROAD, AMELIA ISLAND FL 32034
Hennessy Capital Partners Vi Llc	10 percent owner	3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Greg Ethridge	director, 10 percent owner, officer: PRESIDENT AND COO	585 WEED STREET, NEW CANAAN CT 06840
Nicholas A Petruska	10 percent owner, officer: EVP, CFO AND SECRETARY	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Hennessy Capital Group Llc	10 percent owner	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606