ITACW (Industrial Tech Acquisitions) Quick Ratio: 94.14 (As of Sep. 2020)


What is Industrial Tech Acquisitions Quick Ratio?

Industrial Tech Acquisitions ITACW Quick Ratio is 94.14 as of Sep. 2020.

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. Industrial Tech Acquisitions's quick ratio for the quarter that ended in Sep. 2020 was 94.14.

Industrial Tech Acquisitions has a quick ratio of 94.14. It generally indicates good short-term financial strength.

The historical rank and industry rank for Industrial Tech Acquisitions's Quick Ratio or its related term are showing as below:

ITACW's Quick Ratio is not ranked *
in the Diversified Financial Services industry.
Industry Median: 3.08
* Ranked among companies with meaningful Quick Ratio only.

Industrial Tech Acquisitions  (NAS:ITACW) 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.

Industrial Tech Acquisitions Quick Ratio Related Terms

Industrial Tech Acquisitions Quick Ratio Historical Data

* Premium members only.

The historical data trend for Industrial Tech Acquisitions'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.

Industrial Tech Acquisitions Quick Ratio Chart

Industrial Tech Acquisitions Annual Data
Trend Dec20
Quick Ratio
4.66

Industrial Tech Acquisitions Semi-Annual Data
Jun20 Sep20 Dec20
Quick Ratio 0.08 94.14 4.66

ITACW vs : Quick Ratio Comparison

For the Shell Companies subindustry, Industrial Tech Acquisitions'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.

Industrial Tech Acquisitions Quick Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Industrial Tech Acquisitions's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Industrial Tech Acquisitions's Quick Ratio falls into.


Industrial Tech Acquisitions 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.

Industrial Tech Acquisitions's Quick Ratio for the fiscal year that ended in . 20 is calculated as

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

Industrial Tech Acquisitions's Quick Ratio for the quarter that ended in Sep. 2020 is calculated as

Quick Ratio (Q: Sep. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.659-0)/0.007
=94.14

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 94.14 mean?
Industrial Tech Acquisitions (ITACW) has a Quick Ratio of 94.14 as of Sep. 2020. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Industrial Tech Acquisitions and its competitors.
Is Industrial Tech Acquisitions' Quick Ratio too high?
Industrial Tech Acquisitions' current Quick Ratio is 94.14. The Diversified Financial Services industry median Quick Ratio is 3.08. Industrial Tech Acquisitions' value of 94.14 is 2956.5% above this industry median.
How does Industrial Tech Acquisitions' Quick Ratio compare to ?
Industrial Tech Acquisitions' Quick Ratio of 94.14 can be compared against companies in the Diversified Financial Services industry. The industry median Quick Ratio is 3.08. Industrial Tech Acquisitions' value of 94.14 is 2956.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Diversified Financial Services company?
The median Quick Ratio among Diversified Financial Services companies is 3.08, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Industrial Tech Acquisitions's current Quick Ratio of 94.14 is 2956.5% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Industrial Tech Acquisitions and its competitors. For the Diversified Financial Services industry, the median Quick Ratio is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Tech Acquisitions's current Quick Ratio is 94.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Tech Acquisitions stock overvalued right now?
Industrial Tech Acquisitions (ITACW) has a current Quick Ratio of 94.14. The current Quick Ratio is 94.14 and 2956.5% above the Diversified Financial Services industry median of 3.08. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Industrial Tech Acquisitions (ITACW), the current Quick Ratio is 94.14 as of Sep. 2020. 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.

Industrial Tech Acquisitions Business Description

Comparable Companies
Address 5090 Richmond Avenue, Suite 319, Houston, TX, USA, 77056
Industrial Tech Acquisitions Inc is a blank check company.