Rockpool Acquisitions (LSE:ROC) Quick Ratio : 4.31 (As of Sep. 2023)

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What is Rockpool Acquisitions 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. Rockpool Acquisitions's quick ratio for the quarter that ended in Sep. 2023 was 4.31.

Rockpool Acquisitions has a quick ratio of 4.31. It generally indicates good short-term financial strength.

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

LSE:ROC' s Quick Ratio Range Over the Past 10 Years
Min: 4.31 Med: 7.13 Max: 70.13
Current: 4.31

During the past 6 years, Rockpool Acquisitions's highest Quick Ratio was 70.13. The lowest was 4.31. And the median was 7.13.

LSE:ROC's Quick Ratio is ranked better than
67.33% of 505 companies
in the Diversified Financial Services industry
Industry Median: 0.89 vs LSE:ROC: 4.31

Rockpool Acquisitions Quick Ratio Historical Data

The historical data trend for Rockpool 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.

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Rockpool Acquisitions Quick Ratio Chart

Rockpool Acquisitions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Quick Ratio

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5.59

8.72

6.04

4.35

7.06

Rockpool Acquisitions Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Quick Ratio	Get a 7-Day Free Trial								4.80	4.35	16.35	7.06	4.31

Competitive Comparison of Rockpool Acquisitions's Quick Ratio

For the Shell Companies subindustry, Rockpool 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.

Rockpool Acquisitions's Quick Ratio Distribution in the Diversified Financial Services Industry

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

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

Rockpool 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.

Rockpool Acquisitions's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.685	-	0)	/	0.097
	=	7.06

Rockpool Acquisitions's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.332	-	0)	/	0.077
	=	4.31

Rockpool Acquisitions (LSE:ROC) 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.

Rockpool Acquisitions Quick Ratio Related Terms

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Rockpool Acquisitions (LSE:ROC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rockpool Acquisitions PLC (LSE:ROC) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Cordovan Capital Management Ltd, 5-7 Upper Queen Street, Suite 102, Urban HQ, Belfast, GBR, BT1 6FB

Website

https://www.rockpoolacquisitions.plc.uk

Rockpool Acquisitions PLC is a special purpose acquisition company based in Northern Ireland. The company is seeking to identify and acquire a Northern Ireland-based company that is focused on growth and provides it with that access, helping that company meet its aspirations and full potential.