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Jackson Acquisition Co (Jackson Acquisition Co) Quick Ratio : 0.27 (As of Mar. 2023)


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What is Jackson Acquisition Co 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. Jackson Acquisition Co's quick ratio for the quarter that ended in Mar. 2023 was 0.27.

Jackson Acquisition Co has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Jackson Acquisition Co's Quick Ratio or its related term are showing as below:

RJAC' s Quick Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.68   Max: 1.4
Current: 0.27

During the past 2 years, Jackson Acquisition Co's highest Quick Ratio was 1.40. The lowest was 0.26. And the median was 0.68.

RJAC's Quick Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.19 vs RJAC: 0.27

Jackson Acquisition Co Quick Ratio Historical Data

The historical data trend for Jackson Acquisition Co'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.

Jackson Acquisition Co Quick Ratio Chart

Jackson Acquisition Co Annual Data
Trend Dec21 Dec22
Quick Ratio
1.27 0.53

Jackson Acquisition Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Quick Ratio Get a 7-Day Free Trial Premium Member Only 1.40 1.17 0.83 0.53 0.27

Competitive Comparison of Jackson Acquisition Co's Quick Ratio

For the Shell Companies subindustry, Jackson Acquisition Co'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.


Jackson Acquisition Co's Quick Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Jackson Acquisition Co's Quick Ratio falls into.



Jackson Acquisition Co 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.

Jackson Acquisition Co's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.673-0)/1.269
=0.53

Jackson Acquisition Co's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.424-0)/1.584
=0.27

* 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.


Jackson Acquisition Co  (NYSE:RJAC) 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.


Jackson Acquisition Co Quick Ratio Related Terms

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Jackson Acquisition Co (Jackson Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
2655 Northwinds Parkway, Alpharetta, GA, USA, 30009
Jackson Acquisition Co is a blank check company.
Executives
David A Perdue director
Marilyn B Tavenner director 13600 BUTLERS ROAD, AMELIA COURT HOUSE VA 23002
Richard Lee Jackson director, 10 percent owner, officer: President and CEO 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Carlos A Migoya director 1301 CONCORD TERRACE, SUNRISE FL 33323
John Ellis Bush director 1200 ANASTASIA, SUITE 500, CORAL GABLES FL 33134
Douglas B Kline officer: CFO and Treasurer C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Rj Healthcare Spac, Llc 10 percent owner C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009

Jackson Acquisition Co (Jackson Acquisition Co) Headlines

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