Jack Creek Investment (Jack Creek Investment) Quick Ratio : 0.03 (As of Sep. 2022)

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What is Jack Creek Investment 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. Jack Creek Investment's quick ratio for the quarter that ended in Sep. 2022 was 0.03.

Jack Creek Investment has a quick ratio of 0.03. It indicates that the company cannot currently fully pay back its current liabilities.

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

JCIC's Quick Ratio is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.19
* Ranked among companies with meaningful Quick Ratio only.

Jack Creek Investment Quick Ratio Historical Data

The historical data trend for Jack Creek Investment'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.

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Jack Creek Investment Quick Ratio Chart

Jack Creek Investment Annual Data

Trend

Dec20

Dec21

Quick Ratio

0.68

Jack Creek Investment Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Quick Ratio	Get a 7-Day Free Trial			1.21	0.68	0.54	0.12	0.03

Competitive Comparison of Jack Creek Investment's Quick Ratio

For the Shell Companies subindustry, Jack Creek Investment'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.

Jack Creek Investment's Quick Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Jack Creek Investment's Quick Ratio falls into.

Jack Creek Investment 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.

Jack Creek Investment's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.517	-	0)	/	0.755
	=	0.68

Jack Creek Investment's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.194	-	0)	/	6.035
	=	0.03

Jack Creek Investment (NAS:JCIC) 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.

Jack Creek Investment Quick Ratio Related Terms

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Jack Creek Investment (Jack Creek Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jack Creek Investment Corp (NAS:JCIC) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

386 Park Avenue South, Floor 20, New York, NY, USA, 10016

Website

Jack Creek Investment Corp is a blank check company.

Executives

Richard A Noll	director	1000 EAST HANES MILL ROAD, C/O HANESBRANDS INC., WINSTON SALEM NC 27105
Samir Kaul	director	C/O KHOSLA VENTURES, 2128 SAND HILL ROAD, MENLO PARK CA 94025
Jeffrey E Kelter	director	C/O JACK CREEK INVESTMENT CORP., 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Savage Robert F Jr	officer: Chief Executive Officer
James H Clark	officer: Chief Technology Officer	C/O MYCFO INC, PO BOX 10196, PALO ALTO CA 94303
Jcic Sponsor Llc	director, 10 percent owner, officer: See Remarks	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Lauren D Ores	officer: Chief Financial Officer	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Heather Hartnett	director	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Thomas Jermoluk	director	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Ksh Capital Lp	other: Manager	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016