NTAC's Quick Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.67 * Ranked among companies with meaningful Quick Ratio only.
New Technology Acquisition Holdings (OTCPK:NTAC) 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.
New Technology Acquisition Holdings Quick Ratio Related Terms
New Technology Acquisition Holdings Quick Ratio Historical Data
* 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.
New Technology Acquisition Holdings Quick Ratio Chart
For the Specialty Business Services subindustry, New Technology Acquisition Holdings'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.
New Technology Acquisition Holdings Quick Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, New Technology Acquisition Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where New Technology Acquisition Holdings's Quick Ratio falls into.
New Technology Acquisition Holdings 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.
* 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.
New Technology Acquisition Holdings (NTAC) has a Quick Ratio of 7.26 as of Dec. 2017. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on New Technology Acquisition Holdings and its competitors.
Is New Technology Acquisition Holdings' Quick Ratio too high?
New Technology Acquisition Holdings' current Quick Ratio is 7.26. The Business Services industry median Quick Ratio is 1.67. New Technology Acquisition Holdings' value of 7.26 is 334.7% above this industry median.
How does New Technology Acquisition Holdings' Quick Ratio compare to BSRC and YGEHY?
New Technology Acquisition Holdings' Quick Ratio of 7.26 can be compared against companies in the Business Services industry. The industry median Quick Ratio is 1.67. New Technology Acquisition Holdings' value of 7.26 is 334.7% 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 Business Services company?
The median Quick Ratio among Business Services companies is 1.67, based on 1,092 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. New Technology Acquisition Holdings's current Quick Ratio of 7.26 is 334.7% 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 New Technology Acquisition Holdings and its competitors. For the Business Services industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Technology Acquisition Holdings's current Quick Ratio is 7.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Technology Acquisition Holdings stock overvalued right now?
New Technology Acquisition Holdings (NTAC) has a current Quick Ratio of 7.26. The current Quick Ratio is 7.26 and 334.7% above the Business Services industry median of 1.67. 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 New Technology Acquisition Holdings (NTAC), the current Quick Ratio is 7.26 as of Dec. 2017. 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.
New Technology Acquisition Holdings Business Description
New Technology Acquisition Holdings has business investment interests in disruptive new technologies and patents, applications, and projects. Research and Development with the aim of commercialization of Intellectual property and development of new products or services, treatments, or other valuable outputs.
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