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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. Science Strategic Acquisition Alpha's quick ratio for the quarter that ended in Sep. 2022 was 0.21.
Science Strategic Acquisition Alpha has a quick ratio of 0.21. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Science Strategic Acquisition Alpha's Quick Ratio or its related term are showing as below:
During the past 2 years, Science Strategic Acquisition Alpha's highest Quick Ratio was 12.07. The lowest was 0.21. And the median was 0.74.
The historical data trend for Science Strategic Acquisition Alpha'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.
Science Strategic Acquisition Alpha Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Quick Ratio | 0.11 | 0.42 |
Science Strategic Acquisition Alpha Quarterly Data | ||||||||
Oct20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Quick Ratio | Get a 7-Day Free Trial | 1.96 | 0.42 | 0.35 | 0.32 | 0.21 |
For the Shell Companies subindustry, Science Strategic Acquisition Alpha'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.
For the Diversified Financial Services industry and Financial Services sector, Science Strategic Acquisition Alpha's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Science Strategic Acquisition Alpha's Quick Ratio falls into.
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.
Science Strategic Acquisition Alpha'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 |
= | (0.683 | - | 0) | / | 1.636 | |
= | 0.42 |
Science Strategic Acquisition Alpha'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 |
= | (0.578 | - | 0) | / | 2.714 | |
= | 0.21 |
* 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.
Science Strategic Acquisition Alpha (NAS:SSAAU) 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.
Thank you for viewing the detailed overview of Science Strategic Acquisition Alpha's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Gwynne Jones | director, officer: CEO | 24460 MALIBU ROAD, MALIBU CA 90265 |
Jeff Kearl | director | C/O SKULLCANDY, INC., 1441 WEST UTE BLVD., SUITE 250, PARK CITY UT 84908 |
April Henry | officer: EVP, Corporate Development | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
Jennifer Rubio | director | C/O TISHMAN SPEYER PROPERTIES, L.P., ROCKEFELLER CENTER, 45 ROCKEFELLER PLAZA, NEW YORK NY 10111 |
Taylor Colette K. | director | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
Greg Gilman | director | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
Priscilla Guevara | officer: Global Head of IR | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
Tom Dare | officer: CFO | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
Peter Pham | officer: President | C/O SCIENCE STRATEGIC ACQUISITION CORP., 1447 2ND STREET, SANTA MONICA CA 90401 |
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